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Philippines freezes 25 crypto wallets tied to flood scandal

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Philippine court freezes 25 crypto wallets and 86 bank accounts in flood control kickback probe

The Philippine Court of Appeals has frozen 116 financial assets, including 25 cryptocurrency wallets and 86 bank accounts, linked to an unnamed lawmaker as part of a plunder investigation into alleged kickbacks from flood control projects.

Oct 4, 2026·4 sourcesGovernment corruptionCrypto enforcement actionsAnti-money laundering (AML)Crypto custody regulationCrypto regulation
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Philippine court freezes 25 crypto wallets and 86 bank accounts in flood control probe

Crypto

Philippines freezes 25 crypto wallets tied to flood scandal