US Treasury sanctions Myanmar militia group for alleged crypto scams
The Karen National Army joins a long list of organizations sanctioned by the agency, including terrorist groups and cybercrime units.
The United States Department of the Treasury has sanctioned a Myanmar militia group known as the Karen National Army (KNA), accusing it of crypto-related scams and other criminal activities.
According to a May 5 press release issued by the agency, the Karen National Army has been orchestrating a variety of crypto scams, including the infamous “pig butchering” scam, which lures victims into contributing more and more to fake crypto schemes. Americans “have collectively lost billions of dollars” from scams such as those emanating from Myanmar, the release reads, without specifying an amount.
“Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned the Karen National Army (KNA), a militia group in Burma, as a transnational criminal organization, along with the group’s leader Saw Chit Thu, and his two sons, Saw Htoo Eh Moo and Saw Chit Chit, for their role in facilitating cyber scams that harm U.S. citizens, human trafficking, and cross-border smuggling,” the release reads.
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