May 29 (UPI) -- The U.S. Treasury Department Thursday sanctioned a Philippines-based computer infrastructure company and its administrator for allegedly providing services for sites involved in cryptocurrency scams.
Treasury said Funnull Technology and administrator Liu Lizhi provides infrastructure for hundreds of thousands websites allegedly involved in the scams known as "pig butchering."
"Today's action underscores our focus on disrupting the criminal enterprises, like Funnull, that enable these cyber scams and deprive Americans of their hard-earned savings," Deputy Treasury Secretary Michael Faulkender said in a statement.
The sanctions were imposed in close cooperation with the FBI.
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