The US Department of the Treasury of Foreign Active Control (OFAC) has imposed sanctions on Funnull technology, a technology supplier for websites that allegedly involved in so-called pig butcher’s scams and two cryptocurrency portfolios that are linked to the Huione group.
Funnull, based in the Philippines, also directly facilitated a scam involving virtual currencies, which resulted in more than $ 200 million in victim loss, the OFAC said in a press release on Thursday. In addition, the company would have acquired several IP addresses from traditional cloud service providers to sell for cybercriminals. The sanctions also cover a funny administrator, Liu Lizhi.
The majority of websites for cryptocurrency investment in the FBI are linked to Funnull, “said Elliptic, the blockchain security company, in a blog article, which has also identified the portfolios sanctioned as being linked to Huione.
The portfolios on Ethereum and Tron received funds directly from Huione Pay, which is part of the Huione group, said Elliptic. Huione was described as a “main concern of money laundering” by Fincen at the beginning of the month.
The two addresses received more than $ 4 million in total, according to Elliptic.
