US Treasury Sanctions Burmese Militia for 'Pig Butchering Scam Facility Operation'

Source
JH Kim

Summary

  • The US Treasury has sanctioned the Burmese militia for operating a pig butchering scam.
  • This militia is accused of stealing virtual assets from US citizens.
  • The sanctions are due to suspicions of the militia's involvement with a cybercrime organization.

The US Treasury has added the Burmese militia Karen National Army, known for operating a pig butchering scam on an industrial scale, to its sanctions list.

According to CoinDesk, a media outlet specializing in virtual assets (cryptocurrency), the militia is accused of running a cybercrime organization that steals virtual assets from US citizens.

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JH Kim

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