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US Treasury sanctioned the firm Funnull Technology as major cyber scam facilitator

  • The U.S. Treasury sanctioned Funnull Technology and Liu Lizhi for facilitating romance scams leading to significant losses in cryptocurrency fraud.
  • Funnull Technology Inc. aided in cyber scams by providing infrastructure for fake platforms, resulting in over $200 million in losses for U.S. victims.
  • Romance scams involve scammers building fake romantic relationships to exploit victims for financial gain by manipulating them into sending money or sensitive information.
  • The FBI issued a FLASH alert highlighting indicators of compromise associated with Funnull's malicious cyber activities, including patterns of IP address activity and domain migrations.

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