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Philippine cybersecurity experts recently warned that cryptocurrencies are becoming a new "invisible channel" for cross-border crime. Particularly in the case of the kidnapping and murder of Filipino-Chinese entrepreneur Guo Congyuan, the ransom was transferred through a virtual wallet, which has dr
The Philippines is deeply embroiled in a years-long online scam crisis. According to the latest survey report released by the globally renowned intelligence company TransUnion, the online scam rate in the Philippines reached 13% in 2024, far exceeding the global average of 5.4%, and this figure has
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