Suspected of aiding "pig butchering" scams, the United States sanctions the Philippine-based Chinese tech company Pano Network Technologies and arrests the Chinese executive.

The U.S. Treasury Department recently announced that it has imposed sanctions on a China-funded enterprise based in the Philippines—Pano Network Technologies and its executive Liu Lizhi (transliterated), accusing them of providing key technical support for the "Pig Butchering" scam, causing economic