[Philippine Court Freezes 25 Virtual Asset Wallets in Flood Control Project Corruption Investigation] According to Deep Tide TechFlow on October 4, as reported by The Philippine Star, the Philippine Anti-Money Laundering Council (AMLC) announced that the Court of Appeals has ordered the freezing of 25 virtual asset wallets linked to a congressman and related individuals and entities. Additionally, 86 bank accounts, 4 investment accounts, and 1 insurance policy have also been frozen. The AMLC stated that the assets are connected to an investigation into alleged corruption and embezzlement of public funds in a flood control project. The involved funds were transferred through virtual asset service providers and multiple virtual asset wallets, then circulated via various recipients and financial channels to increase the difficulty of tracing the funds. The AMLC has not disclosed the identities of the congressman or the related entities. The freezing order is a precautionary measure during the investigation phase and does not imply that the individuals involved have been convicted.