Crypto Crypto $ 200m Footwear: Ofac Funnull Sanctions as experts find ties with the payment of Huione, Triad Nexus

The Foreign Assets Control Department (OFAC) of the US Department of Treasury (OFAC) sanctioned Funnull Technology Inc., a technology firm based in the Philippines and its administrator, Liu Lizhi.

The company has been involved in the execution of a “pork butcher shop”.

Discovered $ 200 million scam

According to the official press release, Funnull has stolen more than $ 200 million from US investors. Ofac has also placed two of the Funnull cryptocurrency addresses in its list of specially designated citizens (SDN) to restrict access to financial systems.

In response, the FBI Internet Crimes Complaints Center issued public advice, describing key technical indicators, as infrastructure components and IP addresses linked to Funnull’s scam operations.

Treasury Undersecretary Michael Faulkender, in an official statementsaying

“Today’s action underlines our approach to interrupting criminal companies, such as Funnull, that allow these cyber scams and deprive Americans of their savings won with so much effort. The United States is strongly committed to guaranteeing the continuous growth of a legitimate, safe and safe digital ecosystem, including the use of virtual mountains and similar technologies.”

Connection to Triad Nexus and Huione Pay

According to him Recommendations By Blockchain Intelligence Chainysis, Funnull Technology Inc. allowed cybercounts buying IP addresses in bulk from the main cloud service providers and selling them to fraudulent investment platform operators. This infrastructure allowed scammers to organize malicious websites that imitated legitimate investment platforms, thus deceiving victims to invest in non -existent opportunities.

Funnull was a central player in a network called by security researchers such as “Triad Nexus”, which includes more than 200,000 unique host names, many of which are associated with investment scams, false trade applications and suspicious gambling networks. Ofac identified two cryptographic directions linked to Funnull Technology Inc., used to receive cybercriminal payments.

These directions are linked to the infrastructure related to the scam and show connections with Huione Pay, which was recently marked by Finn as an important money laundering concern.

Additional research by Blockchain Elliptic security firm revealed that the two directions in question received more than $ 4 million in total.