The Office of Foreign Assets Control (OFAC) of the US Treasury Department takes action against a company that is accused of facilitating a popular Crypto Investment SCAM.
In a statement, the Treasury Department says that FunNull Technology Inc. It is confronted with American sanctions for providing computer infrastructure to hundreds of thousands of websites that deal with pig separation.
Daders of pig separation from pig -wandering use fake identities to build online relationships with unsuspecting people with the aim of introducing them to fraudulent investment options of cryptocurrency. Criminal organizations in Southeast Asia largely implement the scheme by exploiting victims of human trafficking.
FunNull reportedly buys IP addresses from large cloud service companies and sells them to cyber criminals to host scam platforms and malignant websites.
The company also offers services that make it easier for bad actors to act as trusted brands and enable them to quickly change to a different domain name and IP address when the legitimate providers try to get the websites down.
In 2014, FunNull bought and changed a repository of codes used by web developers to destroy visitors of legitimate sites to scam and online gambling sites, some of which are associated with Chinese criminal money laundering practices.
The Ministry of Finance says that FunNull has ties with the majority of the crypto -investment swam websites that have been reported to the FBI. The American victims claim that they lose more than $ 200 million in these schemes, or an average of $ 150,000 per person.
The OFAC also imposes sanctions against the manager of FunNull, the Chinese National Liu Lizhi, who was in possession of documents containing information about the company’s employees, including their performance and progress on tasks.
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