The U.S. Department of the Treasury has imposed sanctions on a Philippines-based company that facilitated a major cyber scam, and its administrator.
The Treasury's Office of Foreign Assets Control sanctioned Funnull Technology Inc., which provides computer infrastructure for hundreds of thousands of websites involved in virtual currency investment scams, commonly known as "pig butchering," along with its administrator, Liu Lizhi.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.