U.S. Seizes Burma-Linked Crypto Fraud Domain in Crackdown on Transnational Scams
Federal authorities have dismantled a Burma-based cryptocurrency fraud operation tied to organized crime networks. The seized domain, tickmilleas.com, masqueraded as a legitimate trading platform to siphon victims' digital assets through deceptive investment schemes.
The Justice Department's action targets a compound in Kyaukhat, Burma, allegedly operated by the Democratic Karen Benevolent Army and Trans Asia International Holding Group—both under U.S. sanctions for organized crime ties. The fraudulent platform duped users into depositing crypto funds that were diverted to scam-controlled wallets.
This enforcement forms part of a broader DOJ initiative against cross-border financial fraud. Tech companies have concurrently removed fake apps and accounts linked to the scheme as U.S. officials escalate efforts to combat rising crypto-related fraud losses.
