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Treasury Sanctions Crypto Scam Ring Tied to China and Philippines—FBI Seeks Victims

A sweeping U.S. crackdown has exposed a massive crypto scam network based in the Philippines and linked to China, with Funnull fueling $200 million in fake investment fraud. Treasury Targets China-Backed Philippine Crypt...

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Treasury Sanctions Crypto Scam Ring Tied to China and Philippines—FBI Seeks Victims
A sweeping U.S. crackdown has exposed a massive crypto scam network based in the Philippines and linked to China, with Funnull fueling $200 million in fake investment fraud. Treasury Targets China-Backed Philippine Crypto Scam—FBI Wants Victim Info The U.S. Department of the Treasury took decisive action on May 29 by sanctioning Funnull Technology Inc., a […]

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This security story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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