US Treasury Sanctions 19 Southeast Asian Crypto Scam Entities

The US Treasury sanctioned 19 entities in Myanmar and Cambodia for cyber scams, coercing victims into cryptocurrency investment frauds, potentially affecting Bitcoin and Ethereum transactions.

This underscores the financial and human rights impact of scams, as Americans lost over $10.00 billion last year alone, prompting regulatory crackdowns to protect consumer security.

US Treasury Targets Myanmar, Cambodia Crypto Scam Networks

The U.S. Treasury Department targeted 19 organizations in Myanmar and Cambodia linked to crypto scams and forced labor networks. Nine of these entities operate under the protection of the sanctioned Karen National Army, known for exploitation and violence in scam operations. As part of the sanctions, involved individuals and companies, including Yatai International Holdings Group, have been added to the SDN (Specially Designated Nationals) list, limiting their financial movements.

Immediate changes include the freezing of digital assets associated with these entities, enhancing financial security for Americans. Market responses show heightened awareness, with experts noting that such actions could disrupt future operations of these scam networks.

Southeast Asia’s cyber scam industry not only threatens the well-being and financial security of Americans, but also subjects thousands of people to modern slavery. In 2024, unsuspecting Americans lost over $10 billion due to Southeast Asia-based scams and under President Trump and Secretary Bessent’s leadership, Treasury will deploy the full weight of its tools to combat organized financial crime and protect Americans from the extensive damage these scams can cause.

Bitcoin Steady Amid Regulatory Sanction News

Did you know? The previous crackdown on similar scam networks resulted in a temporary 15% reduction in Southeast Asia’s cybercrime activity.

As of September 9, 2025, Bitcoin (BTC) trades at $111,667.02, with a market cap of $2.22 trillion and a 24-hour volume change of 46.73%. According to CoinMarketCap, BTC experienced minor fluctuations over the past 90 days, fluctuating between -4.28% and 1.84%.

Coincu researchers suggest these regulatory actions can deter scam activities, benefitting consumer protection and promoting safer investment environments. The Imposing Sanctions on Online Scam Centers in Southeast Asia highlights how such sanctions aim to prevent future threats and safeguard investors. Historical precedent indicates a shift in scam tactics, prompting ongoing vigilance from regulatory authorities.