The Federal Bureau of Investigation (FBI) is releasing this FLASH to disseminate indicators of compromise (IOCs) associated with malicious cyber activities linked to Funnull Technology Inc. (Funnull).
Funnull is a Philippines-based company which provides computer infrastructure for thousands of websites associated with cryptocurrency investment fraud (CIF) scams, commonly referred to as “pig butchering,” and other illicit activities. During CIF scams, perpetrators pose as potential romantic partners or friends to gain victims’ trust, who are then convinced to invest in virtual currency. The perpetrators direct their victims to deposit money into what appear to be legitimate investment platforms, such as websites or applications. Ultimately, money sent to these platforms is not invested, and instead goes directly to the scammers. Funnull facilitates these scams by purchasing IP addresses and providing hosting services and other internet infrastructure to groups performing these frauds.
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Source: U.S. Federal Bureau of Investigation Cyber Division
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