The US government has imposed sanctions on Funnull, a company accused of providing infrastructure for cyberspace criminals carrying “pig” cryptographic fraud that led to $ 200 million losses for US victims.
On Thursday, the Ministry of Audit of the Foreign Ministry announced Sanctions, saying that Funnull is linked to the majority of Virtual Coins Investment Site reported in the FBI “. The press release said that losses of $ 200 million lead to average loss of $ 150,000 per victim, but that the numbers” probably “do not”.
Pig scammers include criminals approaching the victims online, often pretending to be interested in a romantic relationship, with the aim of deceiving the victims to send them money to invest in non -existent cryptographic projects.
According to the finance ministry, Funnull is based in the Philippines and is run by the Chinese-National Liu Lizhi, which was also approved on Thursday.
Funnull, according to the Treasury, created a sector names for websites in the IP addresses it owns and provided “web design standards in cyberspace”.
“These services not only make it easier for cyberspace to imitate reliable brands when creating fraud sites, but also to allow them to change quickly in different sectors and IP addresses when legal providers are trying to get the websites down,” the ministry said.
The fbi released a notice This included more information about these activities.
The Ministry of Finance refers to Polyfill supply chain attack In his press release, saying that Funnell “bought a repository of code used by web developers and changed the Code to redirect the legal websites to fraud sites and online gambling sites, some of which are linked to
These activities are exactly what researchers from Cybersecurity Silent Push accused Funnull of being carried out last year. The researchers found that Funnull was responsible for attacking the Polyfill supply chain, which began to push malware to anyone who visited websites that used the Polyfill code. The goal was to redirect users to a malicious casino network and online gambling sites, the researchers found.
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Do you have more Funnull information or other companies that facilitate fraud? From a device and non-work network, you can contact Lorenzo Franceschi-bicchierai safely on the signal on +1 917 257 1382, or through the telegram and keybase @lorenzofb or email.
Zach Edwards, a researcher at Silent Push, who worked at the Funnull exhibition last year, told Techcrunch he was “really happy to see the events aligned with our suspicions”.
“It is encouraging that the Ministry of Finance has taken action against the largest pig network and money laundering from illegal activities aimed at people in the US, but we know that more must be done,” Edwards said. “This effort from Funnull is the tip of the iceberg for what is really happening from China now with financial programs targeting Americans.”
“World threats aimed at Americans with financial fraud must be held accountable and give the companies they work with and the people who manage these companies are an important first step,” he added.
