Ex-Philippine Mayor Implicated In $30 Million Fraud
Have crypto fraudsters infiltrated the local government in Asia? It seems the answer is yes as information linking a former Philippine mayor to a crypto scam group operating in Asia surfaced.
This is an indicator of the growing concern about crypto scam rings in Southeast Asia and Hong Kong, which might have gained a foothold in some local governments in the region.
Recent information revealed the connection of dismissed Philippine town mayor Alice Guo to the operators of Atom Asset Exchange, a cryptocurrency enterprise that shut down after squandering millions of customer funds.
The limited regulations being imposed on the cryptocurrency in Asian markets are being exploited by crypto scammers preying on inexperienced traders…
