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US Sanctions Cloud Provider 'Funnull' As Top Source of 'Pig Butchering' Scams
Saturday May 31, 2025. 01:30 AM , from Slashdot
![]() The Treasury Department said Funnull's operations are linked to the majority of virtual currency investment scam websites reported to the FBI. The agency said Funnull directly facilitated pig butchering and other schemes that resulted in more than $200 million in financial losses by Americans. Pig butchering is a rampant form of fraud wherein people are lured by flirtatious strangers online into investing in fraudulent cryptocurrency trading platforms. Victims are coached to invest more and more money into what appears to be an extremely profitable trading platform, only to find their money is gone when they wish to cash out. The scammers often insist that investors pay additional 'taxes' on their crypto 'earnings' before they can see their invested funds again (spoiler: they never do), and a shocking number of people have lost six figures or more through these pig butchering scams. KrebsOnSecurity's January story on Funnull was based on research from the security firm Silent Push, which discovered in October 2024 that a vast number of domains hosted via Funnull were promoting gambling sites that bore the logo of the Suncity Group, a Chinese entity named in a 2024 UN report (PDF) for laundering millions of dollars for the North Korean state-sponsored hacking group Lazarus. Silent Push found Funnull was a criminal content delivery network (CDN) that carried a great deal of traffic tied to scam websites, funneling the traffic through a dizzying chain of auto-generated domain names and U.S.-based cloud providers before redirecting to malicious or phishous websites. The FBI has released a technical writeup (PDF) of the infrastructure used to manage the malicious Funnull domains between October 2023 and April 2025. Read more of this story at Slashdot.
https://yro.slashdot.org/story/25/05/30/2151248/us-sanctions-cloud-provider-funnull-as-top-source-of...
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