BREAKING: Crypto P2P Seller "MONEYBEES" Under Investigation

Authorities Issue Caution Amidst Unverified Reports

Manila, Philippines - The Securities and Exchange Commission (SEC) is urging caution after receiving reports of a potential crypto scam involving peer-to-peer (P2P) seller MONEYBEES. The SEC is actively investigating the matter and has not yet confirmed the legitimacy or authenticity of the allegations.

Public Concerns Raised

Concerns were initially raised on the social media platform Reddit, where users expressed suspicion about MONEYBEES's operations. Allegations include unusually low exchange rates and lack of transparency regarding the company's registration and licensing.

The SEC emphasizes that it has not issued any license or registration to an entity named MONEYBEES. Investors are advised to exercise due diligence when selecting P2P platforms and to verify the legitimacy of any seller before engaging in transactions.

The investigation is ongoing, and further updates will be provided as they become available. In the meantime, the SEC advises individuals to be cautious when dealing with unregistered entities and to report any suspicious activities to the authorities.