NEWS: US sanctions Philippines-based Funnull Technology linked to crypto scams
By Raphael Satter and AJ Vicens
THE U.S. Treasury is placing Funnull Technology under sanctions, a Philippines-based company accused of providing internet infrastructure to a swathe of virtual currency investment scams, better known as “pig butchering.”
In a statement issued on Thursday, Treasury officials said they were taking action against Funnull Technology Inc., which they accused of buying internet protocol addresses in bulk from other service providers and reselling them to cybercriminals. An alleged administrator of Funnull, Chinese citizen Liu Lizhi, was also placed under sanctions.
Reuters could not immediately locate contact information for Liu, who the Treasury described as being 40 years old and…
