US Sanctions Funnull Technology Over $200M Crypto Fraud

The U.S. Department of Treasury has sanctioned Funnull Technology, a Philippine-based company, for its involvement in a massive cryptocurrency fraud scheme that has resulted in over $200 million in losses for US investors. This sanction freezes Funnull’s assets and blocks all U.S. transactions with the firm, effectively shutting down their operations. The sanctions are designed to cripple Funnull’s infrastructure, disrupting criminal networks and protecting US investors from further financial harm.