The U.S. Treasury’s Office of Foreign Assets Control (US OFAC Sanctions) has sanctioned Funnull Technology and its administrator Liu Lizhi, citing involvement in “pig butchering” scams targeting U.S. victims through fake crypto platforms.

The Philippines-based firm allegedly sold IP addresses sourced from cloud providers to fraudulent networks, enabling them to bypass detection.

Will this crackdown stem the growing wave of cross-border crypto scams?

#CryptoScams #OFAC #CyberFraud #CryptoSecurity