🚨🇺🇸U.S. Treasury Action (via OFAC):

🔹Designated Entity: Karen National Army (KNA) — a militia group in Burma.

🔹Charges: Involvement in transnational crimes, including crypto-related fraud.

🔹Scam Tactics: Operated fake cryptocurrency investment platforms.

VICTIM LOSSES:

2022: Over $2 billion in U.S. losses.

2023: Rose to $3.5 billion.

🔹Laundering Network: Huione Group identified as a major channel for washing crypto scam proceeds.

IMPLICATIONS:

🔹Cracks down on growing Southeast Asia-based crypto scam networks.

🔹Signals U.S. focus on virtual asset misuse in global financial crime.