U.S. Cracks Down on Philippines Firm Linked to $200M Crypto Fraud
Another day, another crypto scandal—this time with a $200M price tag. The U.S. just sanctioned a Philippines-based firm accused of orchestrating a massive digital asset scam. Because nothing says ’financial innovation’ like old-school fraud wrapped in blockchain buzzwords.
Regulators are tightening the screws, but the crypto world keeps spinning. Will this slow the industry’s momentum? Unlikely. Where there’s speculative gold, there are always shovel sellers—and opportunists ready to exploit the hype.