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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Sam Boolman | Crypto Enthusiast and Writer

Sam Boolman is a contributing writer at ChainIntel.org with a long-standing interest in cryptocurrency, blockchain technology, and emerging financial trends. A self-directed trader who actively invests his own capital, Sam follows the markets closely and brings a hands-on perspective to the fast-paced world of crypto journalism. With a background in business and digital media, Sam has written across a variety of sectors including tech, startups, and online finance. His curiosity and enthusiasm for the evolving digital economy fuel his exploration of Web3, decentralised finance, and market developments. Sam is passionate about making complex topics more accessible to everyday readers and continues to expand his knowledge through research, trading experience, and industry engagement.

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