What to know:
- The U.S. Treasury’s OFAC has decided that Funnull Technology is not the life of the party, sanctioning it along with two cryptocurrency wallets linked to the notorious Huione Group for their alleged role in a rather unsavory scam. 🎭
- Funnull, in a plot twist worthy of a farcical novel, allegedly facilitated a scam that left victims poorer by over $200 million and even had the audacity to sell IP addresses to cybercriminals. Talk about a side hustle! 💼
- The wallets, which seem to have a penchant for mischief, received over $4 million from HuionePay and have been labeled by FinCEN as a primary money laundering concern. Who knew wallets could be so shady? 🕵️♂️
In a move that could only be described as a bureaucratic ballet, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on Funnull Technology. This fine establishment is said to provide technology for websites that dabble in the delightful world of pig butchering scams. 🐷
According to a Thursday press release that surely had the office buzzing with excitement, Funnull, based in the Philippines, has been accused of directly facilitating a scam involving virtual currencies, resulting in a staggering $200 million in losses for unsuspecting victims. And as if that weren’t enough, they allegedly acquired several IP addresses from mainstream cloud service providers to sell to cybercriminals. A real entrepreneurial spirit, that Funnull! 🤑
Blockchain security firm Elliptic, in a blog post that read like a detective novel, noted that the majority of cryptocurrency investment scam websites reported to the FBI are linked to our dear friend Funnull. It seems the sanctioned wallets are also in cahoots with Huione. What a tangled web we weave! 🕸️
These wallets, residing on Ethereum and Tron, received funds directly from Huione Pay, which is part of the illustrious Huione Group. Earlier this month, FinCEN labeled Huione as a “primary money laundering concern.” It appears that the plot thickens! 🍵
In total, the two addresses have received more than $4 million, according to Elliptic. One can only wonder what other delightful surprises await in this ongoing saga of financial mischief! 🎉
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2025-05-30 13:11