US sanctions firm linked to cyber scams behind $200 million in losses

The U.S. Treasury’s OFAC designated Funnull Technology and an associated administrator for facilitating large-scale virtual currency investment scams (commonly called pig butchering/romance baiting), enabling cybercriminals by selling bulk IPs, hosting, DGA-generated domains, and web templates; the FBI also published technical indicators (hundreds of CNAMEs, massive domain counts, and IP migration patterns). The infrastructure supported hundreds of thousands of malicious sites tied to over $200M in U.S. victim losses, with sanctions freezing U.S. assets and prohibiting transactions with Funnull and its operator.