This article reports the U.S. sanctions against Philippines-based Funnull Technology Inc., linked to numerous virtual currency scam websites involved in pig butchering. The sanctions also target Liu Lizhi, a Chinese national, who manages cybercriminal activities tied to Funnull’s infrastructure. #Funnull #PigButchering #LiuLizhi #VirtualCurrencyScams #OFAC
Keypoints
- Funnull Technology Inc. supports hundreds of scam websites used for virtual currency fraud.
- The company is involved in providing infrastructure laundering and hosting services to cybercriminals.
- Victims in the U.S. have reported over $200 million in losses due to scams linked to Funnull.
- U.S. sanctions include Chinese national Liu Lizhi, who manages tasks for Funnull’s cyber operations.
- The illicit industry of online scams is expanding globally, fueling transnational organized crime in Southeast Asia.
Read More: https://therecord.media/southeast-asian-provider-of-scam-infrastructure-sanctioned