Southeast Asian provider of ‘infrastructure laundering’ for scams is sanctioned by US

The U.S. Treasury (OFAC) sanctioned Philippines-based Funnull Technology Inc. and an associated administrator for facilitating massive virtual-currency investment scams by acquiring U.S.-sourced IP addresses, hosting, and assigning domains to cybercriminals; the FBI released a technical advisory listing many domains linked to Funnull, and U.S. victims have reported over $200M in losses. Researchers describe the company’s actions as infrastructure laundering that enables a broad Southeast Asian scam ecosystem.