Tag: Shwe Kokko crypto fraud

US Sanctions on Myanmar Crypto Entities Targeting Billion-Dollar Scam Networks

Posted By Tristan Valehart    On 12 Jan 2026    Comments (3)

US Sanctions on Myanmar Crypto Entities Targeting Billion-Dollar Scam Networks

In September 2025, the U.S. sanctioned nine Myanmar-based crypto entities tied to the Karen National Army, targeting billion-dollar scam operations in Shwe Kokko that use forced labor to defraud Americans. Over $10 billion was lost in 2024 alone.

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