Targeting a Major Backer of Virtual Currency Investment Scams

Tammy Bruce, Department Spokesperson The United States is imposing sanctions on Funnull Technology Inc., a Philippines-based company that provides the critical computer infrastructure for virtual currency investment scams, and its administrator Liu Lizhi, a Chinese national.  Fraudulent virtual currency investment scams cause serious financial harm to the American people.  Today's targets are directly connected to over $200 million in losses reported by U.S. victims, with an average cost of over $150,000 per individual. The United States will go after those who misuse virtual currencies and internet services to perpetrate fraud and other crimes.  We will continue to pursue cybercriminals who…