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U.S. Treasury Sanctions Burmese Militia Group Over Crypto Pig Butchering Scams
U.S. Treasury Sanctions Burmese Militia Group Over Crypto Pig Butchering Scams
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The United States Department of the Treasury has imposed sanctions on the Karen National Army, a Burmese militia group, accusing it of orchestrating large-scale cryptocurrency scams. The sanctions, announced on May 5, target the KNA’s involvement in sophisticated digital fraud schemes, including ’pig butchering’ scams.
These scams typically begin on dating apps and social media, where fraudsters build trust with victims before luring them into fraudulent crypto investments. The Treasury’s action underscores growing regulatory scrutiny of crypto-related crimes.
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