US sanctions Filipino company behind pig-butchering tech

The US Treasury has sanctioned Funnull Technology, a Philippines-based computer firm it says is behind hundreds of thousands of crypto scamming websites responsible for over $200 million in US victim losses. The sanctions, made possible with help from the FBI, also target the company's administrator, Liu Lizhi, and two crypto addresses linked to the firm. The Treasury claims Funnull buys IP addresses in bulk from cloud hosting businesses and sells them to cybercriminals, who can quickly switch domains and IP addresses when providers try to take sites down. The FBI says it has found 548 "Funnull Canonical Names" linked to over 332,000 unique domains since January.