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.