The US Treasury sanctioned Funnull Technology for aiding thousands of crypto scams, resulting in substantial financial losses exceeding 200 million USD for victims.
Funnull provided services that allowed scammers to impersonate legitimate platforms, modifying web code to redirect users to fraudulent sites.
The sanctions included asset freezes and transaction bans on Funnull’s administrator Liu Lizhi and two associated cryptocurrency wallet addresses, limiting business interactions in the US.
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