U.S. Imposes Sanctions on Philippine Company for Supporting Crypto Scams

The United States Department of the Treasury has imposed sanctions on Funnull Technology for supporting cryptocurrency investment scams. This Philippine company is accused of providing technical support to fraudulent operations known as "pig butchering." These scams often involve emotional manipulation tactics to persuade victims to invest large sums of money in fake cryptocurrencies. The sanctions aim to disrupt Funnull Technology's activities and deter other companies from engaging in such illegal activities.