<ul><li>The U.S. Treasury has sanctioned Philippine firm Funnull and its administrator, Liu Lizhi, for their involvement in a $200 million crypto scam network.</li><li>Funnull allegedly provided IP addresses to cybercriminals through international cloud providers, aiding in the operation of fraudulent platforms and hosting malicious online content.</li><li>The company has been linked to more scam-related websites than any other entity reported to the FBI, with victims experiencing average losses of $150,000 per person.</li><li>The sanctions freeze U.S.-based assets related to Funnull and prohibit transactions with them, part of a broader U.S. effort to combat cyber fraud and uphold the integrity of digital finance.</li></ul>

U.S. Treasury Sanctions Philippine Firm Tied to $200M Crypto Scam Network

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