US EditionU.S. Sanctions Funnull for Role in $200M Pig Butchering Scam, Crypto Wallets Linked to Huione
- In 2025, Funnull Technology Inc., a Philippines-based internet infrastructure provider linked to numerous scam websites, was targeted with sanctions by U.S. Authorities.
- The sanctions followed investigations revealing Funnull supplied technology supporting hundreds of thousands of sites involved in pig butchering virtual currency scams.
- Funnell facilitated these scams by acquiring IP addresses from U.S. Cloud providers and routing malicious traffic through auto-generated domain names to fake investment platforms.
- These schemes caused over $200 million in victim-reported losses in the United States, and the Treasury Department noted Funnull connects to the majority of reported virtual currency scam sites.
- The sanctions aim to block Funnull from obtaining U.S.-based internet resources and disrupt pig butchering scams, though some providers have struggled to fully remove Funnull from their networks.
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Scam of the day – June 1, 2025 – FBI Chasing Funds of Pig Butchering Scammers
Feng Chen and his wife Tianqiong Xu were living in Frisco Texas and operating a pig butchering cryptocurrency scam from 2021 through 2024 according to the FBI. The FBI had been investigating the couple since 2021, but by the time they got an indictment for wire fraud and money laundering in June of 2024, they had both fled to China where they are both citizens. Now, the FBI is attempting to seize mroe than 6 million dollars worth of cryptocurr…
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