OFAC Sanctions Philippines-Based Tech Company For Facilitating Pig Butchering Schemes

OFAC Sanctions Philippines-Based Tech Company For Facilitating Pig Butchering Schemes

According to OFAC, Funnull Technology Inc. provides computer infrastructure for “hundreds of thousands” of pig butchering websites.

U.S. Sanctions Philippine Tech Firm for Role in $200M Crypto Scam Network

The U.S. Treasury Department has sanctioned Philippines-based Funnull Technology Inc. for facilitating large-scale pig butchering crypto scams. The Office of Foreign Assets Control (OFAC) revealed Thursday that Funnull provided digital infrastructure for hundreds of thousands of fraudulent websites linked to over $200 million in victim losses, primarily targeting Americans. Pig butchering scams are long-term investment frauds often involving fak…

Philippine tech firm sanctioned by U.S. over $200 million romance scam network

MANILA: Punitive action has been taken by the United States against a Philippine technology corporation located in Bonifacio Global City (BGC) for purportedly playing a vital role in an expansive global online deception scheme called “pig butchering.” According to a recent SCMP report, Funnull Technology Inc., together with Chinese national Liu Lizhi, was targeted by […] The post Philippine tech firm sanctioned by U.S. over $200 million romance …