US Sanctions Philippines Firm Over Crypto Scams

The United States, through the Office of Foreign Assets Control (OFAC), has imposed sanctions on the Philippine tech company Funnull Technology. Accusations are flying about Funnull's alleged involvement in crypto scams by manipulating code repositories used by web developers. This maneuver redirected legitimate websites to fraudulent ones—seemingly straight out of an anti-government handbook. The incident highlights ongoing concerns over the integrity and security of digital finance systems, illustrating yet another way technology is being weaponized by ne'er-do-wells.