U.S. Cracks Down on Crypto Scammers: Are You a Victim of This Wild Fraud?

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In a grand spectacle reminiscent of the wildest days of the New Economic Policy, the U.S. has unleashed a crusade against a colossal crypto scam network nestled in the warm embrace of the Philippines, with its nefarious tendrils reaching all the way to China. Oh, Funnull, you rapscallion, you thought you could steal $200 million with impunity! 💸

The Treasury Smacks Down China’s Little Helper in the Philippines—FBI Wants Your Stories!

On a day that shall forever be etched in the annals of bureaucratic glory, May 29 to be precise, the U.S. Department of the Treasury swooped in like a hawk on a particularly unassuming rabbit, sanctioning the infamous Funnull Technology Inc. This delightful little organization has been joyfully orchestrating a sprawling online fraud fiesta, just as an opera conductor leads an ensemble through a particularly lively overture. Meanwhile, the Federal Bureau of Investigation (FBI), in its finest trench coats, has issued a heartfelt plea to the citizens of this noble land: “Come forth, dear victims, all your misfortunes are of great interest to us!”

As the Treasury eloquently pointed out, Funnull provides the fine and dandy computer infrastructure that supports “hundreds of thousands” of websites, most of which are the notorious “pig butchering” scams. Who knew pigs could become such financial juggernauts? 🐖💰

Picture this: scammers, like crafty spiders luring innocent flies, ensnare their victims in online engagements, winning their trust only to lead them to the dark abyss of empty wallets. The FBI, in its own foreboding way, validated this common tale of woe:

The FBI Washington field office is earnestly seeking to identify individuals who have unwittingly become victims of these cryptocurrency investment charades brought to life by Funnull and its merry band of tricksters.

Many of these treacherous platforms have masterfully masqueraded as genuine investment sites, complete with shiny fake dashboards and dizzying fabricated returns, all designed to coax victims into investing again and again—until their funds vanish like a magician’s rabbit. In total, our fine American citizens reported losses exceeding $200 million, all linked to the web of deceit sustained by Funnull.

But wait, there’s more! The Treasury has also waved its mighty sanction wand at Liu Lizhi, a Chinese national moonlighting as the administrator for Funnull. All U.S.-associated treasures belonging to both Funnull and Liu have been neatly frozen, and transactions with these cunning fellows are strictly prohibited. Liu has been accused of orchestrating the entire scheme, carefully assigning domain names for fraudulent cryptocurrency platforms, phony phishing endeavors, and even questionable online gambling sites—the latter of which have been linked to Chinese criminal money laundering escapades. Talk about a busy bee! 🐝💼

Now, the U.S. Department of the Treasury’s Office of Foreign Assets Control lays it out plainly:

Funnull Technology Inc. excels at facilitating these virtual currency investment scams through the bulk purchase of IP addresses from major cloud service providers, only to peddle them to cybercriminals who wish to host their nefarious platforms and other scurrilous web content.

In its entertaining toolkit, the company also wields magical domain generation algorithms to churn out website names like an overworked baker, and even provides design templates to make these scam platforms appear as legitimate as a double-shot espresso from a hipster café. With these clever tricks, bad actors can easily evade shutdowns by swiftly swapping domain names and IP addresses, making them the true Houdinis of the cyber realm.

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2025-05-31 06:57