The U.S. Treasury Department has sanctioned Funnull Technology for supporting cyber scams involving virtual currency investment losses exceeding $200 million. The sanctions also target Chinese national Liu Lizhi, who managed the company’s activities, as authorities crack down on malicious cyber infrastructure. #FunnullTechnology #InvestmentScams #LiuLizhi
Keypoints
- Funnull Technology facilitated cyber scams by providing hosting services and IP addresses to cybercriminals.
- The company supported pig butchering scams, which manipulate victims into fake investment schemes.
- Funnull used domain generation algorithms to create new domains and evade takedown efforts.
- The FBI identified over 300,000 domains linked to Funnull’s infrastructure as of April 2025.
- Sanctions include asset freezes and prohibitions on U.S. transactions with Funnull and Liu Lizhi.