The U.S. Department of Treasury has imposed sanctions on Funnull Technology Inc. for facilitating virtual currency scams that resulted in over $200 million in losses for U.S. victims. The company’s infrastructure is linked to a wide range of online scams, including fake trading platforms and gambling sites, utilizing cloud services and domain generation algorithms. #FunnullTechnology #TriadNexus
Keypoints
- Funnull Technology Inc. is accused of enabling virtual currency investment scams through its infrastructure.
- The company’s activities have led to over $200 million in reported U.S. losses.
- Funnull uses bulk IP address purchasing from major cloud providers to host malicious websites.
- The infrastructure employs domain generation algorithms to facilitate scam website creation and deception.
- The FBI identified hundreds of domains linked to Funnull, migrating IP addresses frequently between January 2025 and April 2025.
Read More: https://thehackernews.com/2025/05/us-sanctions-funnull-for-200m-romance.html