U.S. Treasury Sanctions Funnull Technology and Huione-Linked Wallets
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has sanctioned Funnull Technology, a provider linked to pig butchering scams, and two cryptocurrency wallets associated with Huione Group.
- Funnull Technology is implicated in scams resulting in over $200 million in losses.
- The company allegedly sold IP addresses from cloud service providers to cybercriminals.
- A Funnull administrator, Liu Lizhi, is also sanctioned.
- Most cryptocurrency investment scam websites reported to the FBI are connected to Funnull.
- The sanctioned wallets on Ethereum and Tron received funds from Huione Pay, part of Huione Group.
- Huione was recently identified as a primary money laundering concern by FinCEN.
- The two wallets collectively received over $4 million.