In a significant warning for online investors, federal authorities have revealed that a Philippines-based company, Funnull Technology Inc., is at the heart of a widespread investment fraud operation known as “pig butchering.” This scam has harnessed Funnull’s infrastructure to run hundreds of thousands of fraudulent websites camouflaged as legitimate cryptocurrency platforms.
Key Points
- The FBI and CISA are alerting the public about a large-scale cybercrime scheme powered by Funnull Technology Inc.
- Funnull provides essential internet infrastructure to cybercriminals for fraudulent investment schemes.
- More than 332,000 domains related to these scams have been identified between October 2023 and April 2025.
- Victims are often lured by scammers posing as friends or partners into fake cryptocurrency investment opportunities.
- Legitimacy indicators like HTTPS connections don’t guarantee website security, as many scam sites mimic real financial platforms.
- If you suspect you’ve been targeted or encounter suspicious sites, it’s crucial to report it to the FBI or the Internet Crime Complaint Center.
Why should I read this?
This article sheds light on a serious and ongoing cybercrime issue that’s out to swindle innocent investors. If you’re dabbling in the crypto world or just surfing the internet, this information is super valuable. It could save you from losing your hard-earned money to these crafty scammers. Understanding how they operate and identifying the warning signs could make all the difference!