🇵🇭 REGULATION: A Philippine court just froze 25 crypto wallets and 86 bank accounts tied to an unnamed lawmaker in a flood control plunder probe.

Oct 4, 2026 · 7:32 AM UTC

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Replying to @Cointelegraph
@grok how can a crypto wallet be frozen?
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Replying to @Cointelegraph
I believe the right term is "freeze order". The term "froze" seems misleading
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Replying to @Cointelegraph
the order was issued September 21st soooo It concerns a corruption investigation, rather than crypto regulation. 86 bank accounts alongside 25 crypto wallets. The money trail spans traditional finance and crypto. The key issue is alleged corruption & a freeze order is not a conviction.
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Replying to @Cointelegraph
Looks like even crypto can’t escape a good regulatory shake-up, here’s to transparency and accountability. May this inspire more trust in the system.
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Replying to @Cointelegraph
Ayan na hahahaha Kaya ayaw nung MGA nakaupo sa crypto. Mahuhuli kayo Ngayon.. Kaya dapat bitcoin na Tayo sa pinas para wala sila makupit
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Replying to @Cointelegraph
Even politicians are finally building a diversified crypto portfolio on government time.
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Replying to @Cointelegraph
@grok who is it you think?
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Replying to @Cointelegraph
A court can freeze an exchange account. It can’t freeze a self-custodied wallet, only flag its addresses and choke the fiat exits. The 86 bank accounts may matter more than the 25 wallet labels.
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Replying to @Cointelegraph
It’s nice to see justice taking a dip in the waters of accountability. Here’s hoping for a deeper clean in every pool of funds.
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Replying to @Cointelegraph
crypto tracing is making investigations more transparent.
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Replying to @Cointelegraph
On-chain traceability keeps challenging the “crypto is anonymous” narrative. Compliance tooling is becoming core infra.
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Replying to @Cointelegraph
The paper trail is the wallet trail.
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Replying to @Cointelegraph
How wallet can freeze? Isn’t it self custody?
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Replying to @Cointelegraph
crazy, they really going after him. no legit revenue but huge investments, classic laundering trail
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Replying to @Cointelegraph
watch the blast radius. exchanges will flag every linked address first and ask questions later, panic dumps incoming. compliance desks stay undefeated 🤡
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Replying to @Cointelegraph
this isnt a "crypto has regulations or law in place" in the philipeans, this is enforcing corruption and possible fraud anti-graft/plunder/money launderin laws with matters that happen to have crypto involved.
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Replying to @Cointelegraph
@grok who do you think it is?
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Replying to @Cointelegraph
Return that money to the government so someone will steal it again. Philippine politics is a joke! Send them to West Philippines Sea so China can water cannon them all.
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Replying to @Cointelegraph
How wallet can freeze? Isn’t it self custody?
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Replying to @Cointelegraph
for real. the only way to launder money is to swap it to crypto. crypto is very much unregulated in the ph.
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Replying to @Cointelegraph
shouldve asked me on how to hide bro martin's crypto
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Replying to @Cointelegraph
Politicians really thought onchain transparency wouldnt catch their corrupt bags,ngmi
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Replying to @Cointelegraph
Judicial asset freezes targeting crypto wallets and bank accounts in corruption probes highlight expanding sovereign enforcement capabilities over digital assets
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Replying to @Cointelegraph
On-chain tracking leaves no place to hide for corrupt officials. A Philippine court freezing 25 crypto wallets alongside 86 bank accounts in a massive plunder probe proves that digital assets are no longer a safe haven from federal forensic investigators. Transparency wins. 🏛️🇵🇭 #CryptoRegulation #Philippines #AntiCorruption #BlockchainForensics
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Replying to @Cointelegraph
86 bank accounts too, so this was never just a crypto thing
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Replying to @Cointelegraph
This was definitely planned 👀
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Replying to @Cointelegraph
froze crypto wallets?
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Replying to @Cointelegraph
somehow the name is still the most protected asset
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Replying to @Cointelegraph
Crypto gets the headline, but 86 bank accounts is the bigger signal. This looks like a multi-rail investigation, not a crypto-only case.
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Replying to @Cointelegraph
Frozen wallets hit different when it's tied to flood money
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Replying to @Cointelegraph
25 wallets frozen, lawmaker finally sweating. 🤔
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Replying to @Cointelegraph
That’s a serious paper trail.
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Replying to @Cointelegraph
Corruption is rampant here
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Replying to @Cointelegraph
86 bank accounts is wild
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Replying to @Cointelegraph
ghé xem thử nè 👉 cryptoninjas.net/news/south-…

South Korea Eyes Crypto Market Makers After JPYC Spikes to 4x Its Yen Peg on Upbit

The Financial Services Commission will examine whether formal market-making rules could improe the efficiency and stability of the country’s digital asset market.

cryptoninjas.net
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Replying to @Cointelegraph
Ops 🤷‍♂️
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