The US Treasury has imposed a technology company based in the Philippine headquarters and its alleged official, accused of providing services to thousands of encryption fraud.
Funnull technology is linked to most of the SCAM Crypto sites reported to the Federal Investigation Office, with the losses of victims exceeding 200 million dollars, the Treasury Office to control foreign assets (OFAC) He said On May 29.
Funnull provides IP addresses in large quantities of cloud service providers and sells them to deceptions, allowing them to host and operate cloned animals from legitimate investment platforms, to deceive the victims and steal their encryption, according to OFAC.
In one case in 2024, OFAL said that Funnel bought a warehouse of the code used by web developers and changed the code to redirect visitors to legitimate websites to fraud sites and gambling sites online.
OFAC said: “These services are not only easy for Internet criminals to commit suicide reliable brands when creating fraudulent websites, but also allows them to quickly change to different names and IP addresses when project providers try to transfer websites.”
Crypting Governor, Funol official
The accused official of Funnul, Liu Lese – a Chinese citizen who runs the company’s employees – was also Add To the list of specially appointed UFak citizens and banned people (SDN) as part of the penalties.
generally, being In the SDN menu means that any assets in which the individual freezes in the United States, and it is illegal for people in the United States to conduct any financial transactions or commercial transactions with them; Violations can face civil and criminal penalties.
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OFAC also punished a portable address that he said are linked to Funnull, which ranges Blockchain analysis companies He said In a report on May 29, it is likely to be “used to receive payment from Internet criminals.”
“In addition, the titles show indirect exposure to different types of fraud and infrastructure sellers of field management,” said Chainalysis.
Chainalysis claimed that Funnel is a central player in a network known as Tria Nexus, which includes more than 200,000 unique host names linked to investment fraud and fake trading applications.
As a result of the sanctions, every person in the United States is now prohibited from interacting with all property and commercial interests where Lizhi and Funnull have more than 50 %, as violators may face civil or criminal sanctions.
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