US Treasury Declares War on “Pig Butchering” Scams: Funnull Technology Faces the Chop!
The US Treasury and FBI have sanctioned Philippine company Funnull Technology Inc and its admin Liu Lizhi for their alleged role in “pig butchering” scams. These scams use social engineering to gain victims’ trust before draining their funds through fraudulent investments. The crackdown highlights efforts to disrupt scams that cost US victims over $200 million.
Hot Take:
In a scandal that has nothing to do with bacon, the US Treasury is giving Funnull Technology Inc a one-way ticket to the financial penalty pen for their part in the “pig butchering” scam buffet. But don’t worry, this isn’t about your Sunday morning breakfast—unless you’re investing your bacon in cryptocurrency scams. The Feds are determined to roast these scammers until they’re crispy!
Key Points:
- The US Treasury sanctioned Funnull Technology Inc and its admin, linking them to “pig butchering” scams.
- American companies are now barred from doing business with Funnull.
- “Pig butchering” scams involve building trust to execute long-term financial fraud.
- Interpol prefers the term “romance baiting” for these scams.
- FBI linked Funnull to over 332,000 domains tied to crypto scams.