An international law enforcement operation led by the FBI, Dubai Police, and China's Ministry of Public Security has resulted in the arrest of at least 276 individuals linked to nine cryptocurrency investment scam centers.
Among those arrested is Thet Min Nyi, a Burmese national accused of managing and recruiting for the Ko Thet Company, which allegedly ran several scam hubs. Indonesian nationals Wiliang Awang, Andreas Chandra, and Lisa Mariam were also taken into custody. All four face federal fraud and money laundering charges in San Diego.
The DOJ says these defendants were involved in "pig butchering" scams-fraudulent schemes where victims are groomed and tricked into investing in fake crypto opportunities. Assistant Attorney General A. Tysen Duva stated, "Fraudsters who target Americans from overseas cannot operate with impunity."