WASHINGTON, May 29 – The U.S. Treasury is placing under sanctions a Philippines-based company accused of providing internet infrastructure to a swathe of virtual currency investment scams, better known as “pig butchering.”
On Thursday, Treasury officials said they were taking action against Funnull Technology Inc., which they accused of buying internet protocol addresses in bulk from other service providers and reselling them to cybercriminals. An alleged administrator of Funnull, Chinese citizen Liu Lizhi, was also placed under sanctions.
