CryptoBilis: How to Secure Your Cryptocurrency Investments in the Philippines 2025

Here are some of the most common scams and how to avoid them:

Phishing Attacks
Scammers impersonate legitimate platforms to trick users into revealing login credentials. Fake emails, websites, and social media messages often contain malicious links that steal funds.

How to stay safe: Always verify URLs before logging in, and enable two-factor authentication (2FA) on accounts.

Ponzi & Pyramid Schemes
Fraudulent investment programs promise guaranteed returns but use money from new investors to pay older ones. Once recruitment slows, the scheme collapses.

How to stay safe: If an investment guarantees high profits with little risk, it is likely a scam.

Rug Pulls & Fake Tokens
Some developers create new tokens, artificially inflate their value, and then withdraw liquidity, leaving investors with worthless assets. The Squid Game token scam stole $3.3 million from investors.

How to stay safe:
Research projects thoroughly before investing. Check sources like CoinGecko or CoinMarketCap, verify developer credibility, and look for third-party audits.

Bybit Hack 2025: A Wake-Up Call for Crypto Security

The Bybit hack of 2025, one of the largest cryptocurrency heists in history, has drawn significant attention from the global crypto community. According to Crucible Capital’s Meltem Demirors, the incident is not an inherent failure of crypto security but rather a nation-state attack linked to North Korea.

In a widely viewed YouTube interview, Demirors explains that North Korean cybercriminals, specifically the TraderTraitor hacking group, orchestrated the attack, stealing approximately $1.4 billion in digital assets. The FBI has confirmed that these hackers have a long history of targeting financial institutions and crypto exchanges to fund Pyongyang’s nuclear programs.

This massive breach serves as a stark reminder of the risks involved in storing and managing digital assets. Whether you’re an investor or a casual crypto user, taking proactive steps to secure your funds is no longer optional—it’s a necessity.

Choosing a Secure Crypto Wallet

A crypto wallet stores private keys, which control access to funds.

There are two main types:

Hot Wallets – Internet-connected wallets like Trust Wallet and Metamask. They offer convenience but are more vulnerable to hacking.
Cold Wallets – Hardware wallets like Ledger and Trezor store funds offline, making them significantly more secure (Ledger).

Best practice: Use a cold wallet for long-term storage and keep only small amounts in hot wallets for transactions.

Using Reputable Crypto Exchanges
Not all exchanges are safe. The Bangko Sentral ng Pilipinas (BSP) regulates some platforms to protect users. In the Philippines, trusted exchanges include:

Coins.ph – A BSP-licensed platform offering crypto trading and insurance protection.
PDAX – A BSP-regulated exchange designed for compliance and security.

Best practice: Withdraw funds from exchanges to your personal wallet for added security.

Best Security Practices for Crypto Investors
Even if you use secure platforms, personal security habits play a major role. Follow these steps:

Enable Two-Factor Authentication (2FA): Use Google Authenticator instead of SMS-based authentication.
Use Strong, Unique Passwords: Avoid reusing passwords. A password manager like Bitwarden or 1Password can help.

Keep Software Updated: Regular updates help protect against vulnerabilities.
Verify Before Investing: Always check whitepapers, developer backgrounds, and project roadmaps before committing funds.

Staying Informed
Crypto security is constantly evolving. Staying updated can help prevent financial losses.

Follow Trusted Crypto News:

Websites like CoinDesk, CoinTelegraph, and Decrypt provide reliable industry updates.

Join Local Crypto Communities:
Engage with Filipino crypto groups on Facebook, Telegram, and Twitter for discussions on security trends.

Take Online Security Courses:
Binance Academy, Ledger and Trezor Academy offer free learning resources.

Stay ahead in crypto security by attending local meetups and workshops like the
Exclusive Hardware Wallet Workshop by Cryptobilis.