Big Tech’s Mixed Response to U.S. Treasury Sanctions
Summary: The U.S. Treasury sanctioned Funnull Technology Inc. and its alleged operator, Chinese national Liu "Steve" Lizhi, in May 2025 for facilitating pig butchering scams tied to more than $200 million in American losses. A Silent Push report found Lizhi still held working accounts at Facebook, GitHub, PayPal and Twitter/X, with LinkedIn deleting his profile only after KrebsOnSecurity sought comment.
Key Takeaway: The FBI logged nearly 150,000 digital-asset complaints and $9.3 billion in losses last year, up 66 percent, while the man Treasury calls the technical administrator behind much of that scam infrastructure kept active accounts at major U.S. platforms.
Read the original at Krebs on Security ↗
- Topics
- Fraud & Scams
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