Karim
@skkarim2244
On May 5, 2025, OFAC designated the Karen National Army (KNA), a militia group in Burma, for involvement in transnational crimes including cryptocurrency-related fraud. KNA facilitated large-scale online scams through fake crypto investment platforms, resulting in over $2 billion in U.S. victim losses in 2022 and $3.5 billion in 2023. OFAC also identified Huione Group as a key laundering channel for illicit virtual asset proceeds.
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