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US government sanctions tech company involved in cyber scams | TechCrunch

The U.S. government imposed sanctions on Funnull, a company accused of providing infrastructure for cybercriminals running “pig butchering” crypto scams that have led to $200 million in losses for American victims. On Thursday, the Treasury’s Office of Foreign Assets Control announced the sanctions, saying Funnull is “linked to the majority of virtual currency investment scam websites reported to the FBI.” The press release said that the $200 million in losses results in an average loss of $150,...

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