The U.S. Treasury Department has sanctioned Funnull Technology, a Philippines-based company that has facilitated hundreds of thousands of cyber scam websites linked to over $200 million in losses for Americans. Funnull sold IP addresses to cybercriminals for virtual currency investment scams, and the Treasury also sanctioned Liu Lizhi, the company's administrator. As a result of these sanctions, U.S. transactions with Funnull and Lizhi are prohibited, and their assets will be frozen.