US Sanctions Funnull, a CDN Powering Pig Butchering Scams

The US Treasury Department sanctioned Funnull Technology Inc., a Philippines-based company providing infrastructure for hundreds of thousands of websites involved in “pig butchering” cryptocurrency scams. These scams lure victims into fraudulent investment platforms, resulting in over $200 million in US losses. Funnull routed traffic through US cloud providers, masking its criminal activity. The sanctions highlight the ongoing fight against transnational cybercrime and the challenges in combating sophisticated scams. The article also mentions EU sanctions against Stark Industries Solutions, another company facilitating Russian cyberattacks, underscoring the global nature of this problem.