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LONDON DAILY ARCHIVE

US and UK Sanction Major Southeast Asian Crypto Scam Network

The coordinated action targets digital fraud operations accused of money laundering and exploitation.

16 October 2025 · 01:36 UTC

The United States and the United Kingdom have jointly sanctioned a sprawling Southeast Asian cryptocurrency network accused of orchestrating large-scale online scams and human trafficking operations.

The move freezes assets linked to the network and restricts its access to global financial systems.

Authorities say the sanctions highlight growing international cooperation to curb cybercrime and protect vulnerable individuals from digital exploitation schemes.