OFAC Sanctions Funnull Technology Inc. Over Crypto Scam Involvement

OFAC imposes sanctions on Funnull Technology Inc. for facilitating crypto scams and infrastructure abuses, targeting key players and digital currency addresses.

Key Takeaways:

Funnull Technology Inc. sanctioned for aiding scams.
Over $200 million in victim losses.
Involvement in blacklisted digital addresses.

OFAC sanctioned Funnull Technology Inc.

OFAC sanctioned Funnull Technology Inc. on May 29, 2025, for providing technical infrastructure to numerous virtual currency scams, infamously dubbed “pig butchering” schemes, which have defrauded U.S. victims. In a statement, the U.S. Treasury declared, “Funnull Technology Inc. enables virtual currency investment scams by providing infrastructure to thousands of pig butchering websites.”

The sanctions target key figures like Liu Lizhi, who managed the scam infrastructure. Funnull aided by providing hosting services essential for these fraudulent activities. OFAC has further outlined the extent of this network.

This action impacts sectors using digital currency addresses linked to the scams, such as Ethereum and TRON, now blacklisted by OFAC and barring U.S. financial interactions. The IC3 Cybersecurity Report has detailed the associated risks.

These sanctions highlight the growing regulatory scrutiny of crypto infrastructure, intended to protect both consumers and legitimate financial markets from widespread fraud.

These sanctions could cause shifts in crypto regulation and industry compliance. Relevant sectors may experience increased oversight and stricter operational guidelines.

The long-term effects on the crypto industry may include tighter infrastructure regulations, with a need for enhanced due diligence from service providers to prevent hosting illicit schemes. Additionally, FinCEN’s identification of similar entities emphasizes the global regulatory crackdown.

贝莱德ETF钱包转入Coinbase 3215枚BTC与3.89万枚ETH｜链上侦探

据 BlockBeats 10 月 23 日消息，链上监测平台 Onchain Lens 追踪到贝莱德旗下 ETF 钱包向 Coinbase 转入 3,215 枚 BTC 和 38,900 枚 ETH。报道援引合计约 3. 5563 亿美元，但未注明估值时点与价格口径，该金额暂视为参考数据而非独立核实结果。