Big Tech’s Mixed Response to U.S. Treasury Sanctions
In May 2025, the U.S. government sanctioned a Chinese national for operating a cloud provider linked to the majority of virtual currency investment scam websites reported to the FBI. But a new report finds the accused continues to operate a slew of established accounts at American tech companies — including Facebook, Github, PayPal and Twitter/X. On May 29, the U.S. Department of the Treasury announced economic sanctions against Funnull Technology Inc., a Philippines-based company alleged to provide infrastructure for hundreds of thousands of websites involved in virtual currency investment scams known as “ pig butchering.” In January 2025, KrebsOnSecurity detailed [...]