Overview

• The Treasury’s Office of Foreign Assets Control sanctioned Funnull Technology and administrator Liu Lizhi, freezing their US assets and barring all American transactions in coordination with the FBI.
• Authorities linked the firm to hundreds of thousands of malicious websites supporting romance baiting and pig butchering investment scams.
• US victims have reported losses exceeding $200 million, with average individual losses of more than $150,000.
• The FBI’s flash alert identified 548 unique Funnull Canonical Name records tied to over 332,000 domains and detailed rapid IP and domain switching tactics.
• The sanctions follow a record $16.6 billion in US cyber theft in 2024, including over $6.5 billion lost to virtual currency investment fraud.