The U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) placed Funnull Technology, Inc. and company administrator Liu Lizhi on the sanctions list on May 29 for allegedly providing computer infrastructure and websites used in cryptocurrency investment scams.
The FBI, who spearheaded the investigation, said Funnull helps support the majority of virtual currency investment scam websites reported to its cybercrime division and that it linked the Philippines-based company and its Chi...
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