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US Busts Philippine 'Pig-Butchering' Op

Summary by Asia Sentinel
The US Justice Department has busted a massive cryptocurrency laundering operation based in the Paranaque section of Manila that allegedly scammed victims out of at least US$225 million, including the manager of a rural bank in the United States that collapsed with the loss of US$47 million and left a local church and investment fund penniless and his f…

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Asia Sentinel broke the news in Hong Kong on Wednesday, June 25, 2025.
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