US Treasury Sanctions 19 Southeast Asian Entities in $10B Cyber Scam Crackdown
OFAC’s action targets operators of "pig butchering" schemes that it says stole over $10 billion from Americans in 2024.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This security story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on DecryptRelated market context
US Charges Man After Crypto Scam Wallets Received More Than $53M
TL;DR U.S. prosecutors have charged a Vietnamese national with money laundering tied to alleged cryptocurrency “pig butchering” sc...
Bitcoin survives a 5.2% Treasury shock as traders slash $1.7 billion in leverage
Bitcoin is holding near $84,000 even as a historic US bond selloff pushes Treasury yields to decades-high levels. The benchmark 10...
Washington has $114 billion reasons to want Tether around
Not that long ago, Washington fined Tether for misleading people about the dollars behind its tokens. Today, the company's insatia...
Fidelity’s Jurrien Timmer predicts Bitcoin targets $300K by 2029
Timmer's Bitcoin forecast could shift investment strategies, enticing capital from traditional assets, but hinges on continued ado...
Bitcoin ATM Scam Takes $4,900 After Fake Jury Duty Threat
A Georgia woman deposited $4,900 into a Bitcoin ATM after being told she had missed jury duty and needed to pay to avoid arrest. H...
MSCI’s new index screen revives Strive’s Bitcoin treasury concerns
MSCI is consulting on a broader screen for non-operating companies. Strive objected to an earlier Bitcoin-specific proposal in Dec...