U.S. Sanctions Cloud Provider ‘Funnull’ as Top Source of ‘Pig Butchering’ Scams
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Summary
Sanctions have been placed on Funnull Technology by the US and European Union (EU).
US authorities said the company, which provides tech infrastructure for scams, has enabled various pig butchering schemes and other illegal activities that resulted in huge financial losses to Americans.
Pig butchering is a notorious scam that involves con artists luring victims into fraudulent cryptocurrency investments via flirtatious online contacts.
Authorities in the EU stated that Russian state-sponsored or affiliated actors used Funnull Services to conduct destabilising activities, including information manipulation and interference, and cyber attacks.
The company, along with co-founders Ivan and Yuri Neculiti, enabled services that concealed these activities fromEuropean law enforcement and security agencies, according to the EU.
Both parties also faced sanctions earlier this monthfor facilitating similar activities.