Overview

• The Treasury’s Office of Foreign Assets Control designated Funnull Technology Inc. and its administrator Liu Lizhi on May 29, freezing any US assets they hold.
• US businesses and individuals are now barred from engaging in transactions with the sanctioned entities under OFAC rules.
• The FBI identified 548 unique CNAME records linked to over 332,000 domains that routed victims to fraudulent cryptocurrency investment sites.
• ‘Pig butchering’ schemes have cost US victims over $200 million by luring them through social media and dating apps into fake crypto investments.
• Funnull allegedly sold bulk IP addresses and manipulated web code to enable rapid domain switching and code injection on legitimate sites for scam operations.