The $200M Romance Scam Empire: How Funnull Technology Built a Crypto Fraud Infrastructure 💔💰

When love meets technology meets greed, the results can be devastating — and surprisingly sophisticated.

In the shadowy corners of the internet, where lonely hearts seek connection and criminals seek profit, a Philippine-based company called Funnull Technology Inc. has been operating what might be one of the most elaborate romance scam infrastructures ever documented. On May 29, 2025, the U.S. Treasury Department finally pulled back the curtain on this operation, sanctioning the company and its administrator Liu Lizhi for facilitating over $200 million in cryptocurrency fraud losses.

The Anatomy of a Digital Heartbreak Factory 💻💔

Romance scams aren’t new, but Funnull’s approach represents a disturbing evolution in how these schemes operate at scale. Rather than individual scammers working alone, Funnull has directly facilitated several of these schemes, resulting in over $200 million in U.S. victim-reported losses, with the average loss estimated to be over $150,000 per individual.

Think about that for a moment — $150,000 per victim. That’s not just pocket change lost to a casual online flirtation. These are life-changing amounts that likely represent retirement savings…