The United States Department of Treasury has punished a Myanmar militia group known as Karen National Army (KNA), accusing it of crypto -related scams and other criminal activities.
According to On an exit of May 5 released by the agency, the Karen National Army has been driving various crypto scams, including the deadly “pork killing” scam, which attracts victims of victims to contribute more to the fake crypto schemes. Americans “collectively lost billions -billions of dollars” from scams such as those from Myanmar, reading the release, without specifying a value.
“Today, the Department of Treasury’s Office of Feial Foreign Assets Control (OFAC) of Treasury (Karen National Army (KNA), a group of militia in Burma, as a transnational organization, with group leader Chit Thu, and his two children, saw HTOO eh Moo and saw Chit, for their role Citizens, personality, and cross-border-border.
Many international bodies, including the US, continue to refer to “Burma,” the former country name, to show that they have not recognized military regimes in power at different times since a coup in 1989 where the military changed the name to Myanmar. The knot operates in southern -east Myanmar, along the Thai border.
https://www.youtube.com/watch?v=realmh3vwwg
Foreign Assets Control (OFAC) Treasury Office Issued There have been many sanctions against crypto-offenders over the past few years, including terrorist groups based in the Middle East, Cybercrime units operating overseas, and privacy-focused technology focused on privacy Like Tornado Cash.
Related: The FBI warns North Korea’s ‘Social Engineering’ schemes to steal crypto
Crypto scams target US residents
According to the Federal Bureau of Investigation (FBI), Americans Lost $ 9.3 billion in crypto scams In 2024, an Increase of approximately 66% From 2023. The most affected group was formed by individuals in the age of 60, which reported an integrated -with a loss of a total of $ 2.8 billion.
Pork pigchering scams are known for their significant impact on victims, both in the crypto space and beyond. The scam consists of a lasting financial fraud in which scammers have built confidence in victims over time, often through social media or messaging platforms, before they are convinced to invest in fake or manipulated crypto schemes. According to In the TRM Labs, a blockchain intelligence company, these scams cost more than $ 4.4 billion stolen in 2023.
According to the Treasury Department’s press release, this type of scam is currently common in Southeast Asia, especially involving the victims of the victims. The Karen National Army is said to have been involved in the coaching of both pigs of Pig scams and human trafficking networks that give them to work in size.
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