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US government sanctions tech company involved in cyber scams

  • The U.S. government imposed sanctions on FUNNULL for its involvement in cyber scams, specifically 'pig butchering' crypto scams resulting in $200 million in losses for American victims.
  • FUNNULL provided infrastructure for cybercriminals and was linked to the majority of virtual currency investment scam websites reported to the FBI.
  • The company, based in the Philippines and operated by Chinese-national Liu Lizhi, generated domain names and provided web design templates to cybercriminals to facilitate their activities.
  • The Treasury also mentioned FUNNULL's involvement in a Polyfill supply chain attack and actions by cybersecurity firm Silent Push to expose their activities.

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