Following the revelation by DILG Secretary Jonvic Remulla that former lawmaker Zaldy Co allegedly moved ₱5 billion out of the country using cryptocurrency, a critical question has emerged from the public: Where are the wallet addresses?
Zaldy Co allegedly used crypto to smuggle ₱5 billion abroad while evading arrest in Portugal, prompting calls for blockchain-backed budget transparency.
Investigators reveal that multibillion-peso flood control funds were laundered through POGO-linked casinos and cryptocurrency.
Renato Paraiso, chairperson of the ICI-TWG disclosed that they are witnessing a “new phenomenon” where suspects are laundering money through cryptocurrencies.
EveryX launches a public sentiment market on whether Zaldy Co will return to the Philippines before November, as controversy over flood control funds intensifies.
