US Sanctions Filipino Tech Firm for Crypto Scams, Highlighting Regulatory Measures

The U.S. Treasury has imposed sanctions on Funnull Technology Inc., a Philippines-based firm, and its administrator Liu Lizhi for their alleged involvement in fraudulent cryptocurrency schemes that have resulted in significant investor losses. These sanctions serve as a significant step in the fight against crypto scams and emphasize the increasing regulatory focus on combating financial misconduct in this sector.