<ul><li>The US government imposed sanctions on Funnull Technology Inc for supporting widespread cryptocurrency scams that defrauded Americans of over $200 million.</li><li>Funnull, based in the Philippines and run by Chinese national Liu Lizhi, provided critical infrastructure for 'pig butchering' scams involving cybercriminals luring victims into fraudulent cryptocurrency ventures.</li><li>Funnull's services allowed fraud networks to switch domains and evade detection by selling bulk-purchased IP addresses, domain generation tools, and web design templates for impersonating trusted brands.</li><li>Under the sanctions, all US-based assets or interests tied to Funnull or Liu Lizhi are blocked, with US persons and entities prohibited from engaging in any transactions involving them without explicit OFAC authorization.</li></ul>

US sanctions tech firm tied to multi million dollar crypto scam operations

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