The Federal Bureau of Investigation (FBI) is looking for victims connected to the FunNull Pig Butching Crypto Investment Scheme.
In a new press release, the FBI states that it is looking for those affected by the pig separation plan, whereby scammers usually get the confidence of victims over time to convince them to invest digital assets in fraudulent websites they check.
As soon as the victims are investing, they are further misled by lucrative return on their investment before they are eventually locked up from their accounts and lose access to their funds.
Earlier this week, FunNull-a computer infrastructure company in the Philippines-Bestraft by the Office of Foreign Assets Control (OFAC) of the US Treasury Department.
According to the authorities, FunNull buys data such as IP addresses in bulk and sells to criminals to host fraudulent investment websites and other malignant content. It turned out that the company could have sold data to a maximum of hundreds of thousands of websites that have this type of scams.
The Ministry of Finance said at the time that the majority of the crypto-swam reported to the FBI were linked to FunNull and that about $ 200 million established in the US lost about $ 200 million of these types of schemes, or $ 150,000 per affected individual.
Sanctions were also placed on the FunNull manager, the Chinese National Liu Lizhi, who was said to have been in possession of documents that followed information about the company’s employees, including the ranking of them based on performance.
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