Crypto Scam Ring Sanctioned by Treasury

Treasury Sanctions Crypto Scam Ring Tied to China and Philippines

• The U.S. Department of the Treasury sanctioned Funnull Technology Inc. on May 29.
• Funnull is linked to a $200 million fake investment fraud.
• The scam network is based in the Philippines and connected to China.
• The FBI is seeking information from victims of the scam.

The U.S. Treasury’s action against Funnull Technology Inc. highlights a significant crackdown on a crypto scam network, which has defrauded investors of $200 million through fake investments, with connections spanning from the Philippines to China.