myanmar

According to The Block, the Myanmar military government has released a draft of the "Anti-Online Fraud Act," which proposes the death penalty for those who force others to engage in online fraud and life imprisonment for those who operate fraud centers or commit cryptocurrency fraud.The draft also proposes the establishment of a special committee responsible for international cooperation to combat fraud activities. The Myanmar parliament is expected to review the bill in early June.Previously, the U.S. Department of the Treasury had imposed sanctions on multiple entities suspected of cryptocurrency investment fraud in Myanmar and Cambodia in September 2025. FBI data shows that losses related to cryptocurrency fraud reached as high as $11.4 billion in 2025, accounting for more than half of all internet crime losses.

According to Protos, Myanmar has proposed introducing the death penalty for criminals who use violent means to coerce victims into participating in cryptocurrency scam centers. According to the draft of the country's Anti-Cyber Fraud Bill, criminals who use violence, torture, illegal arrest and detention, or cruel treatment against others to force them to commit cyber fraud will be sentenced to death.The bill will be submitted to parliament for review in June. In addition, operators of scam centers or perpetrators of cryptocurrency scams will face life imprisonment. Last month, the President of Myanmar reduced all death sentences to life imprisonment.

According to China News Weekly, a 19-year-old female college student from Guangdong was recently invited to Thailand to participate in the Water Splashing Festival. After landing, she was controlled and is suspected to have been sold to a Myanmar telecom fraud park near the Three Pagodas area on the Thailand-Myanmar border.Her family stated that the other party claimed to have purchased her for 29,000 U and then demanded a ransom of 30,000 U, equivalent

According to Decrypt, the Central Bureau of Investigation in India has arrested Mumbai resident Sunil Nellathu Ramakrishnan, accusing him of being a key figure in a transnational trafficking network that lured multiple Indians to cryptocurrency scam parks in the Myawaddy region of Myanmar.The victims were transported from Delhi to Bangkok under the guise of legitimate work and then transferred to scam parks such as KK Park, where they were forced to engage in pig butchering scams and cryptocurrency investment fraud, and suffered illegal detention and physical abuse. The agency stated that intelligence provided by Indian victims who escaped from the parks and were repatriated last year led to the successful identification and arrest of Ramakrishnan. Interpol has classified the scam park network as a transnational criminal threat, affecting victims in over 60 countries. The United States has previously frozen over $580 million in related cryptocurrency assets, and one "pig butchering" organizer has been sentenced to 20 years in prison.

According to Decrypt, the U.S. Department of Justice has seized the scam website tickmilleas.com, which is operated by Myanmar's "Taichang Scam Park" and is used to disguise a cryptocurrency trading platform to deceive investors.The FBI stated that several victims have recently been scammed. This action is related to the previously sanctioned Cambodian Huione Group, which has closed its Phnom Penh branch and suspended withdrawals this week.

ChainCatcher News, the U.S. Treasury Department on Monday imposed sanctions on 19 entities operating in Southeast Asia involved in scam networks, including 9 entities from Myanmar and 10 entities from Cambodia, which forced victims of trafficking to participate in cryptocurrency investment scams. Last year, U.S. citizens lost over $10 billion due to scams originating from Southeast Asia.The nine sanctioned entities from Myanmar are reportedly operating under the protection of the already sanctioned Karen National Liberation Army. Deputy Secretary of the Treasury for Terrorism and Financial Intelligence, Brian E. Nelson, stated, "Cyber scams in Southeast Asia not only threaten the welfare and financial security of Americans but also leave thousands of people enslaved in modern-day slavery. The U.S. Treasury will use all available tools to combat organized financial crime and protect Americans from the significant harm these scams can cause."

ChainCatcher news, according to U.S. President Trump, the United States will impose a 40% tariff on Myanmar and a 40% tariff on Laos.

ChainCatcher news, according to PeckShieldAlert, Vitalik.eth donated 10 ETH to myanmarquake.eth to support the relief efforts for the 7.7 magnitude earthquake in Mandalay, Myanmar.

ChainCatcher news, Zhao Changpeng stated that he has donated 1000 BNB to Myanmar and Thailand.

ChainCatcher news, according to official sources, Binance Charity and Binance founder and former CEO Zhao Changpeng have jointly launched a donation initiative. This initiative will donate $1.5 million worth of BNB to users confirmed to reside in areas affected by the earthquake in Myanmar and Thailand, to support local relief efforts.The identity verification of the donation recipients will be based on users' KYC or POA information. Eligible users must complete KYC or POA certification by March 31, 2025, and will subsequently receive the corresponding BNB token vouchers through the rewards center by April 14, 2025.Binance CEO Richard Teng stated, "We are deeply saddened by the devastating earthquake that has occurred in Myanmar, Thailand, and surrounding areas. We pray for the victims, their families, and all those affected by this disaster. Binance stands in solidarity with the community, and we hope our efforts can bring some comfort and assistance during this difficult time."

ChainCatcher message, Binance founder Changpeng Zhao stated, "I will donate 500 BNB each to Myanmar and Thailand. Is there a transparent on-chain donation system with DID (Decentralized Identity)? If not, I will rely on Binance and Binance Thailand to distribute."

ChainCatcher news, according to Protos, the Thai government cut off electricity, internet, and fuel supplies in the Thai-Myanmar border area at 9 AM on February 5 (10 AM Beijing time) to combat local cryptocurrency scam centers. This operation involved five service providers in the regions of Myawaddy, Payathonzu, and Tachilek.According to investigations, the KK Park scam center located in Myawaddy is suspected of defrauding $100 million worth of USDT through a "pig butchering" scheme. In 2023, Myanmar authorities rescued 1,200 imprisoned individuals in the area. This power cut operation is an important measure taken by the Thai government in response to pressure from China, following concerns raised by Chinese actors who were scammed in the region.Thai Prime Minister Prayuth Chan-o-cha stated that scam activities severely affect Thailand's national image and that strict measures need to be taken. Although the power cut will impact local residents and the normal operation of hospitals, the Thai Ministry of Foreign Affairs stated that relevant communities had been notified in advance.

ChainCatcher news, the Slow Mist security team recently investigated the incident involving actor Wang Xing being deceived into going to Myanmar and analyzed the chat screenshots circulating on social media. The screenshots mentioned that Wang Xing was "picked up" and required to pay a guarantee fee of 14,000 USDT, along with a cryptocurrency address. Slow Mist found that the screenshot was fabricated and has no direct connection to the incident involving Wang Xing.Analysis of the address (TAiv3gxSGkf7x...gAB6FU4XV5HPn) shows that it received a total of 2.22 million USDT since September 2024, with the most recent transaction occurring on January 12, 2025. According to the timeline released by the Thai Immigration Bureau, Wang Xing entered Thailand on January 3 and subsequently went missing.Analysis of related transactions did not reveal any transactions related to the 14,000 USDT, and there were inconsistencies in the timing of the screenshots, further proving that the screenshots were fabricated. Slow Mist reminds users to remain vigilant and avoid falling for online rumors.

ChainCatcher news, Wu said in a report, according to FT, blockchain analysis company Chainalysis and the U.S. anti-slavery organization International Justice Mission have analyzed that a company operating in Myanmar has defrauded victims of over $100 million in less than two years.Chainalysis stated that, based on its tracking of USDT, these assets were used to transfer funds from "pig butchering" victims. Its analysis indicated that USDT was also used to make payments to a company located in an area known as KK Park in eastern Myanmar, with funds coming from the families of trafficked workers, who were allegedly forced to pay ransoms for their release.

According to Chain Catcher news, as reported by Cointelegraph, Myanmar's Minister of Planning of the National Unity Government, Tin Tun Naing, stated that they are considering using the country's frozen national reserves as asset backing for issuing a central bank digital currency (CBDC). These reserves have been frozen since February 2021 in accounts at the New York Federal Reserve Bank in Singapore, Thailand, and Japan, potentially amounting to billions of dollars. (Cointelegraph)