Philippine Cyber Scammer Funnull Sanctioned: $200M in Romance Scams Uncovered
The U.S. Treasury has sanctioned Funnull Technology, a Philippines-based company linked to $200 million in American losses, for facilitating cyber scams. Funnull’s services include buying IP addresses in bulk, enabling cybercriminals to run malicious websites. This action prohibits U.S. transactions with Funnull and freezes its assets.
Hot Take:
Who knew that Funnull Technology was running a side hustle as the internet’s worst dating coach and investment advisor? With $200 million in losses, Americans have learned the hard way that sometimes the real investment scam is the friends we make along the way… or maybe just the websites we click on!
Key Points:
- Funnull Technology has been sanctioned by the U.S. Treasury for aiding in cyber scams.
- The company facilitated scams by selling IP addresses and hosting services to cybercriminals.
- Funnull is responsible for many “romance baiting” and “pig butchering” investment scams.
- Sanctions also target Liu Lizhi, Funnull’s administrator, freezing all U.S. assets.
- The FBI has identified thousands of domains linked to Funnull’s scam infrastructure.
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