US Treasury sanctions Myanmar militia group for alleged crypto scams

Quick Summary:

Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned the Karen National Army (KNA), a militia group in Burma, as a transnational criminal organization, along with the group’s leader Saw Chit Thu, and his two sons, Saw Htoo Eh Moo and Saw Chit Chit, for their role in facilitating cyber scams that harm U.S.citizens, human trafficking, and cross-border smuggling,” the release reads.

According to a May 5 press release issued by the agency, the Karen National Army has been orchestrating a variety of crypto scams, including the infamous “pig butchering” scam, which lures victims into contributing more and more to fake crypto schemes.

The United States Department of the Treasury has sanctioned a Myanmar militia group known as the Karen National Army (KNA), accusing it of crypto-related scams and other criminal activities.

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Article Details

Author / Journalist: Cointelegraph by Christopher Tepedino

Category: Crypto

Markets: United StatesNorth KoreaMyanmarThailand

Topics: Victims Scams Release Myanmar Sanctioned According Crypto National Army Including Karen

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-05 @ 21:26:47 (1 days ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 455 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28416464

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Main Topics: Crypto

Official Website: cointelegraph.com

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Year Established: 2013

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News Last Updated: 8 hours ago

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Publisher ID: #11

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