The Federal Bureau of Investigation has released a 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; instead, it goes directly to the scammers.
Funnull facilitates these scams by purchasing IP addresses and providing hosting services, as well as other internet infrastructure, to groups involved in these frauds. Funnull acquires these facilities from legitimate providers in the United States and sells them to cyber criminals.
This information is provided for general awareness, and the indicators in this report offer actionable insights that recipients can utilise.
The FBI urged recipients of this document to report information concerning suspicious or criminal activity to their local FBI field office.
