US Treasury Sanctions Filipino Firm for Supporting Massive Crypto Scam Network

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned Funnull Technology Inc, a company accused of offering infrastructure for thousands of cryptocurrency schemes facilitated through pig-butchering operations.

The Treasury says the Philippines-based company is responsible for enabling a massive cybercrime operation, also known as “pig butchering,” a scam in which criminals build personal relationships with their victims to lure them into investing in fake cr