U.S. Treasury Sanctions 19 Myanmar, Cambodia Entities for Forcing Trafficking Victims into Crypto Scams

The U.S. Treasury Department sanctioned 19 entities across Myanmar and Cambodia for operating massive crypto scam networks that defrauded Americans of over $10 billion in 2024 alone, targeting transnational criminal organizations using forced labor and human trafficking to perpetrate "pig butchering" scams through debt bondage, violence, and forced prostitution threats.

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