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A technological company based on the Philippines was sanctioned by the US Treasury to support the work of thousands of false websites of cryptocurrencies.
The company, known as Fun technology,, and his alleged operator is officially on a black list.
According to the Treasury Office for the control of foreign property (OFAC), Funnull played a major role in placing websites that cheat on people to send their cryptocurrencies. These pages often resemble legitimate investment platforms, but these are clones designed for theft of funds.
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Ofac said in Statement from May 29 that fun Bought a large number of internet addresses from cloud service providers and sold them to deception operatorswhich helped them to build and maintain these false platforms.
As part of the sanctions, Liu LizhiChinese citizen who managed fun operations, has been added on an off -List of Blocked individuals.
According to new limitations, everyone in the US is forbidden to work or treat the property associated with Funnull or LIU if it controls more than half of the company or property.
Two cryptocurrency addresses related to Funnull have also been sanctioned. Chain, blockchain company, reported that these The wallets probably received payments from the Cyber -Chronicle. Chainlysis added that these addresses are related to the system that includes services to the purchase and management of the names of the domain used in fraud.
On May 20, US regulators filed a lawsuit against Unicoin, a crypto investment company and three of their senior executives. What happened? Read the whole story.
After a master’s degree in economics, politics and culture of the East Asia region, Aaron wrote scientific papers by analyzing the differences between Western and collective forms of capitalism in the Era after World War II.
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