Forest Global Training Partners

Cyber Risks · Krebs on Security

U.S. Sanctions Cloud Provider ‘Funnull’ as Top Source of ‘Pig Butchering’ Scams

Summary: The U.S. Treasury sanctioned Funnull Technology Inc., a Philippines-based company providing infrastructure for hundreds of thousands of scam websites, along with its 40-year-old Chinese administrator Liu Lizhi. Treasury said Funnull directly facilitated virtual currency investment scams that produced over $200 million in U.S. victim-reported losses, and that its operations are linked to the majority of such scam sites reported to the FBI.

Key Takeaway: Silent Push found Funnull still using many of the same Amazon and Microsoft cloud addresses flagged as malicious in October 2024; Microsoft removed them, but Amazon continued to have IPs mapped to Funnull, including one that first appeared in 2023.

Read the original at Krebs on Security ↗

Topics
Fraud & Scams
Related