Tag: crypto scams Myanmar

US Sanctions on Myanmar Crypto Entities: What You Need to Know

Posted by Victoria McGovern

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24
Feb

US Sanctions on Myanmar Crypto Entities: What You Need to Know

The U.S. sanctioned nine crypto entities in Myanmar linked to forced-labor scam rings that stole over $10 billion from Americans in 2024. These operations, centered in Shwe Kokko and protected by the Karen National Army, use violence and coercion to run crypto fraud. The sanctions freeze assets and block transactions, marking a major escalation in U.S. efforts to shut down transnational cybercrime.