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US Sanctions Funnull Technology for $200M Pig Butchering Schemes

Breaking news involves the US imposing sanctions on Funnull Technology because of its involvement in pig butchering scams. The company played a role in scams resulting in losses exceeding $200 million, and was connected to two wallets associated with Huione Group. Additionally, OFAC sanctioned Liu Lizhi, the administrator.
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AI Analysis

The recent sanctions by the US highlight the ongoing efforts to fight cryptocurrency-related scams, particularly pig butchering schemes that have surged in recent years. Funnull Technology's alleged f...

AI Recommendation

Investors and market participants should cautiously monitor the impact of these sanctions on related assets and companies. This event could trigger a short-term market reaction, especially in tokens o...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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