US sanctions Filipino company behind pig-butchering tech
The US Treasury has sanctioned Funnull Technology, the Philippines-based computer firm behind hundreds of thousands of crypto scamming websites responsible for over $200 million in US victim losses. The sanctions, made possible with help from the FBI, also target the company’s administrator Liu Lizhi and two crypto addresses, one ether (ETH) and one tron (TRX), associated with Funnull Technology. The US claims Funnull Technology facilitates thousands of crypto-related scams, such as pig butchering, by buying IP addresses in bulk from cloud hosting businesses and selling them on to cybercriminals. These domain names are intentionally similar to each other and “make it easier for cybercriminals to impersonate trusted brands when creating scam websites.” Interpol target ‘Madam Ngo’ arrested over $300M crypto scam Read more: Thailand cuts power to Myanmar crypto scam center regions The US Treasury claims that cybercriminals can then “quickly change t...