US Authorities Sanction Philippines-Based Company for Allegedly Offering Computer System Facilities for Crypto Pig Butchering Scams

The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) is taking action against a Philippines-based business implicated of facilitating a popular crypto investment fraud. US-based victims claim losing over $200 million to these schemes, or an average of $150,000 per individual. The OFAC is also imposing sanctions against Funnull’s administrator, Chinese national Liu Lizhi, who was in possession of files that include information about the company’s employees, including their performance and progress on projects.

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