Latest news with #BonifacioGlobalCity
Independent Singapore
6 days ago
- Business
- Independent Singapore
Philippine tech firm sanctioned by U.S. over $200 million romance scam network
MANILA: Punitive action has been taken by the United States against a Philippine technology corporation located in Bonifacio Global City (BGC) for purportedly playing a vital role in an expansive global online deception scheme called 'pig butchering.' According to a recent SCMP report, Funnull Technology Inc., together with Chinese national Liu Lizhi, was targeted by the U.S. Treasury Department for allegedly supplying the digital set-up used to host more than 332,000 domains associated with bogus cryptocurrency investment sites. 'Pig butchering' scams exposed in global operation According to U.S. representatives, these fake platforms victimised defenceless persons by engaging in illusory online relationships before coercing them into spending money on fake crypto arrangements. Victims lose an average of more than US$150,000, with total losses going beyond US$200 million. 'This is a ruthless, calculated form of exploitation,' said Tammy Bruce, spokesperson for the U.S. State Department. 'We will go after those who misuse virtual currencies and internet services to perpetrate fraud and other crimes.' See also Opponents of coup in Myanmar call for more large-scale protests Tech infrastructure used to evade detection The FBI, which has been probing into Funnull and tracking its movements since January, disclosed that the firm bought bulk IP addresses from key cloud providers and sold them back to defrauders. These were utilised to host con websites and escape exposure by hastily spinning domains and IP addresses. Funnull also received widespread media coverage and in cybersecurity circles after obtaining a JavaScript library extensively used by developers. Soon after, experts at Silent Push and Sansec cautioned that sites using Polyfill code were rerouting users to hostile domains hosted on Funnull's network. The U.S. Treasury noted that Funnull is associated with the common crypto scam websites reported to the FBI and had a 'critical enabling role' in their rampant spread. Liu Lizhi, purportedly one of the overseers of the manoeuvre, controlled inside documents that proved Funnull workers were assigned to distribute domains for use in phishing, fake investment schemes, and gambling activities. Calls for local investigation amid regulatory gaps Funnull, listed with the Philippine Securities and Exchange Commission in 2021, has its operations from the 14th floor of the Net Cube Centre in BGC, a government-designated 'cyberpark' giving tax inducements. This has triggered fear among tech regulators and transparency activists. 'This operation was likely based out of a shared or co-working space, which makes it easier to stay under the radar,' said Dominic Ligot of and Data Ethics PH. 'Scam operations often choose prestigious business locations to project legitimacy.' Ligot and other specialists have complained about the absence of strong regulatory implementation in the Philippines, inferring that weak monitoring, exploitation, with a nominal inspection permit sham businesses to thrive. A high-ranking industry insider, speaking incognito, suspected that some government bureaucrats may have been enticed to favour Funnull's business licenses. The source called for the conduct of a thorough inquiry into public officials who approved the firm's registration and operating certificate. See also Police arrest man involved in hotel booking scam Presently, neither the Philippine government nor the city of Taguig has issued statements in response to the U.S. sanctions. The FBI has advised victims to come forward as the investigation continues.
South China Morning Post
03-06-2025
- Business
- South China Morning Post
US sanctions Philippine tech firm over ‘pig butchering' scams that took US$200 million
A Philippine tech company has been sanctioned by the United States for allegedly enabling online romance scams known as 'pig butchering', which US authorities say led to more than US$200 million in losses reported by victims linked to the company's infrastructure. Advertisement Funnull Technology Inc, a content delivery network provider based in Metro Manila's upscale Bonifacio Global City (BGC) district, was sanctioned last week by the US Treasury Department, along with Chinese national Liu Lizhi, described as one of its administrators. According to the department, Funnull's infrastructure supported more than 332,000 domain names linked to websites masquerading as legitimate cryptocurrency investment platforms. These platforms were part of a global network of online scams that 'systematically targeted and exploited vulnerable individuals', US officials said. On average, victims lost more than US$150,000 each, the treasury said. Pig butchering scams typically involve trafficked workers assuming fake identities to lure victims into online relationships. Photo: Handout Tammy Bruce, spokeswoman for the US State Department, said the US 'will go after those who misuse virtual currencies and internet services to perpetrate fraud and other crimes'.
South China Morning Post
03-06-2025
- Business
- South China Morning Post
US sanctions Philippine tech firm over ‘pig butchering' scams that duped victims of millions
A Philippine tech company has been sanctioned by the United States for allegedly enabling online romance scams known as 'pig butchering', which US authorities say led to more than US$200 million in losses reported by victims linked to the company's infrastructure. Advertisement Funnull Technology Inc, a content delivery network provider based in Metro Manila's upscale Bonifacio Global City (BGC) district, was sanctioned last week by the US Treasury Department, along with Chinese national Liu Lizhi, described as one of its administrators. According to the department, Funnull's infrastructure supported more than 332,000 domain names linked to websites masquerading as legitimate cryptocurrency investment platforms. These platforms were part of a global network of online scams that 'systematically targeted and exploited vulnerable individuals', US officials said. On average, victims lost more than US$150,000 each, the treasury said. Pig butchering scams typically involve trafficked workers assuming fake identities to lure victims into online relationships. Photo: Handout Tammy Bruce, spokeswoman for the US State Department, said the US 'will go after those who misuse virtual currencies and internet services to perpetrate fraud and other crimes'.
Forbes
06-05-2025
- Business
- Forbes
5 Most Luxurious Hotel Suites In Manila
Conrad Manila's Presidential Suite has nearly 12,000 sophisticated square feet. Conrad Manila There's luxury, and then there's luxury with soul — something that Manila's top hotel suites deliver with quiet confidence. While international brands bring world-class comfort, the uniquely Filipino sense of warmth, service and hospitality elevates these spaces into something unforgettable. From personal butlers and private saunas to panoramic views and spa-like bathrooms, here's a look at some of the most exceptional suites in the city, each offering a distinct perspective on indulgence. Set along the edge of Manila Bay, the Presidential Suite at Forbes Travel Guide Recommended Conrad Manila is made for both high-level entertaining and tranquil retreats. The 11,840 square feet of seaside sophistication includes an entertainment lounge featuring a dining table for 10, a stylish bar, plush seating and even a guest powder room. The luxurious primary suite includes a private entry foyer, lounge and dining area, soaking bath and walk-in wardrobe. A connecting guest bedroom and executive study are added touches while a large terrace includes a swimming pool and plenty of space for sun-soaked afternoons and intimate evenings under the stars. A personal butler is available throughout your stay, delivering the signature Filipino style of service that feels at once professional and warmly familiar. Rising above the city, the Shangri-La Suite offers amazing views. Shangri-La at the Fort In Bonifacio Global City, Four-Star Shangri-La's Shangri-La Suite rises above the action — literally and figuratively. The standout unit consists of 2,573 square feet of space. Floor-to-ceiling windows frame breathtaking views of the city and bay, while inside, every detail is curated for rest and refinement. A private sauna, plush recliner and marble-clad bathroom invite relaxation, while the dedicated office space keeps things productive, if needed. Entertaining is made easy, too, with a guest washroom and kitchenette. Guests also enjoy exclusive access to the Horizon Club Lounge, a private space where breakfast, cocktails and business amenities are seamlessly offered. The Lounge, perched on the 40th floor, provides a hushed contrast to the buzz of Bonifacio Global City down below — proof that comfort and connection don't have to be at odds. This bi-level beauty has a Jacuzzi, fitness room and impressive patio. Nüwa Manila at City of Dreams Nüwa Manila at City of Dreams For a blend of privacy, opulence and wellness, Five-Star Nüwa Manila at City of Dream's Presidential Villa delivers a comprehensive and personal experience. Located within City of Dreams Manila, the 5,898-square-foot bi-level villa features three bedrooms, each with its own ensuite bath, walk-in closet and 600-thread-count linens. A private elevator brings guests upstairs, where the primary bedroom includes a Jacuzzi and a connected study for work or reflection. Outside, a serene patio with a Jacuzzi leads directly to the resort's main pool, with easy access to cabanas and heated whirlpools. There's also an in-villa fitness room with an elliptical machine and a massage bed, so wellness remains a priority. Dining options are excellent and close by, including Crystal Dragon's authentic Cantonese cuisine and Haliya's elevated Filipino flavors. What completes the experience is the multi-lingual staff, who's well-trained and always ready to serve with a distinctly Filipino sincerity. Sitting in the city's business district, this overnight experience is priceless. Raffles Makati Raffles Makati Tucked in Manila's business district, Four-Star Raffles Makati offers a more intimate interpretation of luxury. With only 32 suites, the hotel is intentionally low-profile, emphasizing curated experiences and quiet elegance. The almost-1,400-square-foot Presidential Suite comes with a foyer, walk-in wardrobe, distinct living and dining areas, and floor-to-ceiling windows that bathe the space in natural light. What sets Raffles apart isn't just the layout — it's the rhythm of your stay. Begin the day with a Provençal breakfast at Mirèio, enjoy mocktails served straight to your suite, indulge in afternoon tea at The Writers Bar and end the evening at the Mistral Rooftop Bar. Add the Raffles Sleep Ritual's soothing pillow mist and a linen eye mask to ease into the night, and you'll find that every moment here is crafted to feel like a retreat. The Raffles Butler service ties it all together — it's ever-thoughtful, ensuring your needs are met before you ask. From remembering how you take your coffee to adjusting room lights just right, hospitality here is fueled by genuine care and concern. Welcome to a five-bedroom gem with a fabulous garden. Okada Manila Okada Manila While Okada Manila boasts the Philippines' biggest casino, more than 40 dining options and a Five-Star spa, you will have little reason to leave your room if you're staying in Villa El Nido. Among the 1,001 rooms at the country's largest Five-Star resort, the villa reigns as its crowning glory. The five-bedroom, five-bathroom space spans more than 15,000 square feet and is more akin to a residence. Along with a dining room for 12, a stool-lined bar, a kitchenette and a living room, the sprawling villa comes with its own verdant garden, a sizable pool, an outdoor jetted tub, a gym, a spa with two massage beds and a sauna and an entertainment room where you can belt out karaoke favorites. Of course, the luxury hotel makes sure guests are well cared for, with attentive butlers on call 24 hours a day in case you require any assistance. MORE FROM FORBES Forbes How To Spend Two Days In Manila By Ching Dee Forbes 10 Top Manila Attractions By Ching Dee Forbes From Anguilla To Australia, Forbes Travel Guide's 2025 Star Award Winners By Jennifer Kester Forbes 12 Marathons Worth Traveling For In 2025 By Forbes Travel Guide
Filipino Times
04-04-2025
- Filipino Times
BGC addresses disruptive incident involving Russian vlogger
Bonifacio Global City (BGC) has released an official statement regarding a disruptive incident involving Russian vlogger Vitaly Zdorovetskiy, who went viral for his livestream in Taguig City. BGC stated that they are 'aware of multiple reports regarding disruptive incidents' and are coordinating with authorities to take legal action. They emphasized that ensuring safety and security in the estate remains their top priority. According to the Philippine National Police – Criminal Investigation and Detection Group, Zdorovetskiy allegedly harassed Filipinos and displayed disruptive behavior during his livestream. He was arrested in Pasay City after the Bureau of Immigration (BI) issued a Mission Order for Undesirability against him. The vlogger is now detained at Camp Bagong Diwa in Taguig. The BI confirmed that a BGC security guard filed a police blotter against him for harassment, leading to the issuance of the mission order. Zdorovetskiy has since been classified as an undesirable foreign national.
