BTCC
/
BTCC Square
/
cryptonewsT
/
U.S. Treasury Cracks Down on Burmese Militia Group Behind Crypto ’Pig Butchering’ Scams
U.S. Treasury Cracks Down on Burmese Militia Group Behind Crypto ’Pig Butchering’ Scams
10
3
The U.S. Treasury just dropped the hammer—sanctioning a Burmese militia group for orchestrating crypto ’pig butchering’ scams. These elaborate cons drain victims’ wallets through fake romance ploys and fraudulent investment schemes.
Why it matters: While regulators chase bad actors, the irony isn’t lost—crypto’s borderless nature cuts both ways. Scammers exploit it, but so does enforcement.
The bottom line: Another day, another reminder that in crypto, if something sounds too good to be true, it’s probably a Burmese militia with your wallet in their crosshairs.
By:
