U.S. Treasury Sanctions Myanmar–Cambodia Crypto Scam NetworksThe United States has imposed sweeping sanctions on a network of online scam centers in Myanmar and Cambodia that U.S. officials say defrauded Americans of billions of dollars and relied on forced labor to run large-scale “pig-butchering” crypto fraud schemes. The designations from the Treasury Department’s Office of Foreign Assets Control (OFAC) aim to cut off the groups’ access to the U.S. financial system and choke their digital payment pipelines.
Announced on Sept. 8, 2025, the action adds nearly 20 individuals and entities to the Specially Designated Nationals (SDN) list, including nine targets in Myanmar tied to the notorious Shwe Kokko compound and ten in Cambodia linked to scam hubs in Sihanoukville and Bavet, according to Treasury and companion statements from the State Department. U.S. officials say the networks used romance and investment lures, social-engineering, and deepfake content to rope victims into high-yield crypto “investments,” then laundered the proceeds through shell firms and payment channels across Asia.
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