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OFAC Hammers Philippines Tech Firm for Fueling Pig Butchering Crypto Scams
OFAC Hammers Philippines Tech Firm for Fueling Pig Butchering Crypto Scams
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Another day, another crypto scam—but this time, the U.S. Treasury’s Office of Foreign Assets Control (OFAC) isn’t playing nice. A Philippines-based tech company just got slapped with sanctions for allegedly running infrastructure behind 'pig butchering' schemes. Classic.
How it works: Scammers fatten victims with promises of sky-high crypto returns—then slaughter them. This firm? They provided the digital knives.
Finance jab: Meanwhile, Wall Street still can’t decide if crypto is a 'risk asset' or the future. Maybe they’ll figure it out after the next bull run—or the next scandal.
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