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SEC Chair Emilio Aquino emphasised the potential menace to investors' protection posed by continued entry to copyright's System. In spite of copyright's substantial existence and action in the Philippines, the SEC aims to provide traders with enough time for you to changeover their investments to authorized platforms.
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The investigation also discovered examples of DWF Labs providing tokens its founder experienced promoted triggering a crash in Those people token's price, which is in line with a pump and dump scheme, and it is towards copyright's terms of service. In response to this report, copyright fired the investigators and retained DWF Labs like a consumer, declaring which the self investing could have been accidental and that the internal team collaborated as well closely with certainly one of DWF's competitors. copyright has denied any wrongdoing.[74]}