美国制裁

🚨 US sanctions Cambodian tycoon, accusing him of cryptocurrency fraud and human trafficking!

The US Treasury Department has imposed sanctions on a Cambodian tycoon and his group for alleged cryptocurrency fraud and human trafficking. A senator named Ly Yong Phat and his LY Group and O-Smash Resort have been accused of serious human rights violations over the past two years.

Reports show that victims were lured to the resort by fake job opportunities or "love scams", and then their phones and passports were confiscated, and they were forced to engage in fraudulent activities including cryptocurrency fraud.

These so-called "pig killing" schemes force victims to establish relationships with others and trick victims into investing in their so-called cryptocurrency or foreign exchange scam projects.

Police investigations show that trafficking victims who tried to seek help were also tortured by multiple beatings and electric shocks.

From October 2022 to March 2024, authorities conducted multiple rescue operations at Ly's resort, rescuing victims from China, India, Indonesia, Malaysia, Singapore and other countries.

In April this year, the BBC reported that more than 250 Indians were rescued by the authorities. These thousands of victims only account for a small part of the victims who were forced to participate in cryptocurrency schemes and "love scams".

In addition, the "Human Trafficking Report" released by the US State Department highlighted human rights violations in the O Smach and Koh Kong regions of Cambodia. OFAC has imposed criminal charges on Senator Ly for three hotels suspected of trafficking.

Meanwhile, Tether froze $28 million worth of USDT in July, which was suspected of being related to cryptocurrency theft and money laundering activities of the Huione Group in Cambodia.

The FBI's IC3 warned that the number of cryptocurrency investment scams led by Southeast Asian criminal organizations is surging.

Conclusion:

This incident reminds us to be vigilant when faced with attractive job opportunities and high-paying promises. And when participating in cryptocurrency investment, we also need to be cautious to prevent being deceived.

In short, investors should conduct comprehensive due diligence before making investment decisions to ensure the safety of funds and personal safety!

#美国制裁 #柬埔寨 #加密货币诈骗 #人口贩卖 #投资者警示

👊The U.S. Treasury Department strikes hard to crack down on North Korean cryptocurrency money laundering

The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) recently took tough measures to impose sanctions on two individuals and an entity company. These individuals and entities are accused of assisting North Korea in illegal money laundering activities.

Among them, the key figure Sim Hyon Sop was pointed out as an agent of North Korean financial institutions, planning money laundering schemes, including establishing shell companies and managing bank accounts to transfer illegal funds.

In addition, Chinese citizens Lu Huaying and Zhang Jian, who live in the UAE, were accused of facilitating North Korea or its agents since 2022, engaging in facilitating money laundering and cryptocurrency conversion services.

Currently, OFAC has included Lu Huaying, Zhang Jian and their UAE subsidiary Green Alpine Trading, LLC on the sanctions list, accusing them of supporting Sim's illegal activities.

Bradley Smith, acting undersecretary of the U.S. Treasury Department for terrorism and financial intelligence, said that North Korea uses complex criminal schemes to fund its weapons of mass destruction and ballistic missile programs. The U.S. Treasury Department will continue to disrupt the networks that fund the North Korean regime and work with the UAE and international partners to continue to crack down on financial networks that fund North Korea's "sabotage activities."

North Korean hackers have been accused of large-scale cryptocurrency thefts, causing serious damage to the industry. Related incidents include ZachXBT claiming in August that it hacked into 25 projects and stole $1.3 million; North Korean hackers associated with the Lazarus Group in October used loopholes to steal wallet credentials using fake NFT games; South Korean police confirmed in November that their organization planned the 2019 cryptocurrency robbery; and Radiant Capital recently confirmed that a hacker group associated with North Korea in October 2024 carried out a $50 million hacking attack on its DeFi platform.

However, in the face of these allegations, North Korea has always firmly opposed them, claiming that these so-called "sabotage activities" and "hacking attacks" by the United States are unwarranted accusations and a political manipulation by the United States.

💬Finally, what do you think of these US sanctions and North Korean hacker accusations? Do you think these measures can effectively curb illegal money laundering activities?

#美国制裁 #朝鲜黑客 #加密货币盗窃 #金融网络打击