The US government has imposed sanctions on the Philippines' tech company, Funnull Technology, following its alleged involvement in a major $200M crypto scam. The company stands accused of exploiting the blockchain technology for fraudulent schemes, causing significant distress and financial loss in the tech community. The impact of the sanction pushes for stricter crypto regulations globally.
The US government has imposed sanctions on the Philippines' tech company, Funnull Technology, following its alleged involvement in a major $200M crypto scam. The company stands accused of exploiting the blockchain technology for fraudulent schemes, causing significant distress and financial loss in the tech community. The impact of the sanction pushes for stricter crypto regulations globally.