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Tag: crypto fraud Shwe Kokko

US Sanctions on Myanmar Crypto Entities: How America Is Fighting Billion-Dollar Cyber Scams

  • March 9 2026
  • Carlo Burasca
  • Crypto Regulation
  • 28 comment
US Sanctions on Myanmar Crypto Entities: How America Is Fighting Billion-Dollar Cyber Scams

The U.S. sanctioned nine crypto entities in Myanmar's Shwe Kokko, tied to the Karen National Army, for running forced-labor scams that stole over $10 billion from Americans in 2024. This marks a major escalation in fighting crypto fraud and human trafficking.

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