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FBI Cracks Down on Crypto Scam Involving ’Pig Butchering’ Scheme
FBI Cracks Down on Crypto Scam Involving ’Pig Butchering’ Scheme
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The Federal Bureau of Investigation has intensified efforts to combat a cryptocurrency fraud tied to Philippines-based FUNNULL, a company accused of facilitating ’pig butchering’ scams. This deceptive model involves building trust with victims before funneling them into fake investment platforms where withdrawals are impossible.
U.S. Treasury sanctions now target FUNNULL’s infrastructure network, marking a coordinated strike against cross-border crypto crime. The operation highlights growing regulatory scrutiny of offshore entities enabling financial fraud in digital asset markets.
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