Funnull Sanctions: $200M Crypto Scam Ties Revealed

The U.S. Treasury has sanctioned Funnull Technology Inc., a company accused of facilitating large-scale cryptocurrency scams. The sanctions, linked to Huione Pay’s involvement in money laundering, expose how this entity enabled cybercriminals by purchasing and selling IP addresses from major cloud providers. This action comes as Chainalysis and cybersecurity experts reveal links between Funnull and organized crime networks through its transactional ties to Huione Pay.