TronWeekly
The U.S. Office of Foreign Assets Control (OFAC) has sanctioned 19 entities in Burma and Cambodia connected to crypto scam operations that caused an estimated $10 billion in American losses. According to blockchain intelligence firm Chainalysis, these groups orchestrated large-scale “pig butchering” scams. The schemes combine online romance tactics with fraudulent crypto investments…
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U.S. Crackdown Targets $10B Crypto Fraud in Southeast Asia Tied to Trafficking
Usman Zafar
08:23
The U.S. Office of Foreign Assets Control (OFAC) has sanctioned 19 entities in Burma and Cambodia connected to crypto scam operations that caused an estimated $10 billion in American losses. According to blockchain intelligence firm Chainalysis, these groups orchestrated large-scale “pig butchering” scams. The schemes combine online romance tactics with fraudulent crypto investments…
