US Sanctions Philippine Company for Supporting Crypto Scams

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https://www.securityweek.com/us-sanctions-philippine-company-for-supporting-crypto-scams/

The US Treasury Department on Thursday announced sanctions against a Philippines-based company for providing infrastructure to hundreds of thousands of websites involved in cryptocurrency investment fraud (CIF) scams.
The sanctions were announced against Funnull Technology Inc., and its administrator, Liu Lizhi, for facilitating CIF schemes that let to more than $200 million in losses to US victims, the department said.

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US Sanctions Philippine Company for Supporting Crypto Scams

The US Treasury Department US has slapped sanctions on Funnull Technology for providing support to cryptocurrency investment scams.

www.securityweek.com