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.


JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.


!["No U.S. government backstop" shock…Bitcoin retreats to the $60,000 level; Ethereum also rattled [Lee Su-hyun’s Coin Radar]](https://media.bloomingbit.io/PROD/news/a68e1192-3206-4568-a111-6bed63eb83ab.webp?w=250)
