• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News

    Cantor Fitzgerald Launches Bitcoin Fund with Gold Hedge

    Tether-Backed Twenty One Capital Secures $100M Funding

    Ben Werkman Joins Swan Bitcoin as CIO Amid Institutional Focus

    Corporations May Own Third of Bitcoin, CIO Claims

    Arkham Identifies 87.5% of Strategy’s Bitcoin Holdings

    Pakistan Announces Bitcoin Reserve Strategy Led by Saqib

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar

    MEV Bot Executes $215K Attack on Uniswap

    Webus International Initiates $300M XRP Blockchain Fund

    Bitget Lists Ripple’s RLUSD, Boosts Stablecoin Accessibility

    Hidden Road Launches US OTC Crypto Swaps Post-Ripple Acquisition

    Shiba Inu Faces Potential Breakout Amid Triangle Formation

    Shiba Inu Poised for Potential Price Breakout

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

US Treasury Sanctions Myanmar’s Karen National Army Over Crypto Fraud

Solomon M. by Solomon M.
May 6, 2025
in Latest News
Key Points:
  • US Treasury sanctions KNA for crypto scams.
  • Leadership includes Saw Chit Thu and sons.
  • Sanctions prohibit US dealings and freeze assets.
us-treasury-sanctions-myanmars-karen-national-army-over-crypto-fraud
US Treasury Sanctions Myanmar’s Karen National Army Over Crypto Fraud

Main Content

Lede

The U.S. Department of the Treasury has sanctioned the Karen National Army (KNA), citing their involvement in cyber scams, including crypto-related fraud that targeted U.S. citizens. The sanctions were announced on Thursday.

Nutgraph

This decision underscores the U.S. effort to combat crypto-related crimes, highlighting the use of “pig butchering” scams by KNA.

Sections

Karen National Army Sanctioned

The Karen National Army, led by Saw Chit Thu, has been sanctioned due to their facilitation of crypto-based scams. The KNA’s fraudulent activities involved romantic scams leading to significant crypto theft from victims, primarily involving Bitcoin and Ethereum. The U.S. Department of the Treasury has prohibited any dealings with the KNA, with their assets subject to a freeze.

U.S. Department of the Treasury, Office of Foreign Assets Control (OFAC), “Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned the Karen National Army (KNA)… for their role in facilitating cyber scams that harm U.S. citizens, human trafficking, and cross-border smuggling.”
U.S. Department of the Treasury, Office of Foreign Assets Control (OFAC)

Impact on Cryptocurrency Transactions

The imposition of these sanctions will likely impact cryptocurrency transactions linked to these scams. U.S. entities and individuals must halt any financial associations with KNA to comply with the sanctions. Historically, such actions have resulted in efforts to track and blacklist illicit crypto flows.

Previous Sanctions and Regulatory Measures

Previous sanctions have addressed similar criminal activities facilitated by entities such as North Korean cyber units. These measures often involve technological measures to increase security and compliance, aiming to deter fraudulent crypto transactions and enhance regulatory oversight.

Future Implications

As the situation develops, the crypto community remains attentive to the implications of these sanctions, with a focus on potential changes in regulatory and compliance practices.

Disclaimer:

The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions.

Previous Post

Sat Out Official Trump’s Moonshot? BTFD Coin’s FINAL200 Bonus and $0.0002 Entry Could Turn $15K Into $1,350,000 by Moon Price

Next Post

Ethereum Price Hovers Near $1,800 Before Pectra Upgrade

Solomon M.

Solomon M.

Related Posts

Analysts Predict Crypto Rally Despite Initial Dip

by Solomon M.
May 30, 2025

Crypto market experiences short-term dip; analysts forecast rally driven by institutional inflows.

Freysa AI Secures $30 Million in Coinbase Ventures Funding

by Solomon M.
May 29, 2025

Freysa AI garners $30 million funding, backed by Coinbase Ventures, to advance AI technology on the Base blockchain.

Kazakhstan Plans CryptoCity Pilot for Digital and AI Hub

by Solomon M.
May 29, 2025

Kazakhstan President Tokayev to launch CryptoCity pilot boosting digital transformation.

Federal Reserve Chair Powell Meets President Trump on Economic Policy

by Solomon M.
May 29, 2025

Jerome Powell meets Donald Trump at the White House to discuss economic developments and monetary policy amid tensions over interest...

Trump Administration Appeals to Supreme Court to Block FOIA Documents

by Solomon M.
May 29, 2025

The Trump administration seeks Supreme Court intervention to block DOGE-related documents production under FOIA, implicating cryptocurrency market strategies.

U.S. Senate Advances GENIUS Act for Stablecoin Regulation

by Solomon M.
May 29, 2025

The U.S. Senate introduces the GENIUS Act, aiming to establish a stablecoin framework, with bipartisan support from key senators.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.