U.S. Sanctions Funnull for $200M Romance Baiting Scams Tied to Crypto Fraud

U.S. Sanctions Funnull for $200M Romance Baiting Scams Tied to Crypto Fraud

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The U.S. Department of Treasury’s Office of Foreign Assets Control (OFAC) has levied sanctions against a Philippines-based company named Funnull Technology Inc. and its administrator Liu Lizhi for providing infrastructure to conduct romance baiting scams that led to massive cryptocurrency losses.
The Treasury accused the Taguig-headquartered company of enabling thousands of websites involved in

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