( May 29, 2025, 14:12 GMT | Official Statement) -- MLex Summary: The US Treasury Department's Office of Foreign Assets Control, or OFAC, sanctioned Funnull Technology, a Philippines-based company that provides computer infrastructure for hundreds of thousands of websites involved in virtual currency investment scams, commonly known as “pig butchering.” Funnull enables virtual currency investment scams by purchasing IP addresses in bulk from major cloud services companies worldwide and selling them to cybercriminals to host scam platforms and other malicious web content, Treasury said.Statement follows below:...
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