U.S. Treasury Sanctions Alleged Cyber Scam Company and its Administrator

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Friday, June 13, 2025
Author: 
Bruce Zagaris
Volume: 
41
Issue: 
7
Abstract: 

On May 29, 2025, the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Funnull Technology Inc., a Philippines-based company that furnishes computer infrastructure for hundreds of thousands of websites participating in virtual currency investment scams, commonly known as “pig butchering” and its administrator, Liu Lizhi.