In brief
- The Treasury’s Office of Foreign Assets Control sanctioned Funnull Technology Inc., and its administrator, Liu Lizhi.
- The company is charged with supplying infrastructure to pig-butchering scams.
- The scheme involved IP address resales, phishing, and code injection on legitimate sites.
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In a crackdown targeting the infrastructure behind so-called “pig butchering”, the U.S. Treasury has sanctioned a Philippine-based tech company and its administrator for aiding the cryptocurrency scams that defrauded Americans of more than $200 million.
Lawmakers on Thursday accused Funnull Technology Inc. of facilitating several of these schemes by providing cybercriminals with infrastructure to host fraudulent websites.
The Treasury…
May 31 2025
