The U.S. Treasury Department has imposed sanctions on Philippines-based Funnull Technology and its administrator, Liu Lizhi, for allegedly providing infrastructure that facilitated thousands of cryptocurrency investment scams, commonly referred to as "pig butchering." These scams have resulted in losses totaling approximately $200 million. The action is part of broader U.S. efforts to combat cyber scams, with the FBI issuing alerts related to the sanctioned company's activities. The sanctions highlight ongoing concerns over cyber-enabled financial fraud and the use of technology platforms to perpetrate large-scale investment scams.