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by: xpoolPosted on: May 30, 2025

US Sanctions Tech Firm Over Crypto Scam Assistance

The U.S. Treasury has imposed sanctions on a Philippine tech firm, Funnull Technology, and its alleged administrator for allegedly facilitating thousands of cryptocurrency scams. The Office of Foreign Assets Control (OFAC) cites Funnull’s role in providing services to numerous scam websites, resulting in over $200 million in losses for victims.

Related posts:

  1. Russian Businesses Embrace Crypto for Cross-Border Payments as Sanctions Tighten
  2. Houthis Use $900 Million in Cryptocurrency to Evade US Sanctions
  3. U.S. Sanctions Cambodian Firm Over $4 Billion Crypto Laundering
  4. U.S. Imposes Sanctions on Philippines Firm Involved in Cryptocurrency Scams
Cryptocurrency Sanctions Scam Websites

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