U.S. Drops Hammer on Philippine Tech Firm Funnull—Alleged Crypto Scam Pipeline

Another day, another ’innovative’ fintech player caught with their hand in the digital cookie jar. The U.S. Treasury just sanctioned Funnull—a Philippine-based tech company accused of laundering millions through global crypto fraud schemes.

While regulators play whack-a-mole with bad actors, retail investors keep buying the ’decentralized utopia’ fantasy. Maybe next time they’ll read the fine print before apeing into the next ’100x opportunity.’

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Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the shiba inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.