A: Hey there! Heard anything interesting today?
B: Nah, just the usual stuff. What's up with you?
A: Well, something big happened! The US government announced sanctions on some cyber scam operators in Myanmar and Cambodia.
B: No way! What did they do exactly?
A: They stole billions of dollars from American citizens last year! Can you believe it?
B: Wow, that's scary. Where are these groups based at?
A: There are nine companies and individuals in Myanmar with ties to the Karen National Army, an armed ethnic group. And in Cambodia, they targeted ten parties where Chinese criminal networks run virtual currency scams.
B: That sounds serious! What happened next?
A: The Treasury Department froze all their properties and interests in the US and prohibited US citizens from dealing with them.
B: So now what can these guys do with their money?
A: Well, they can't use it in the US anymore! It's all blocked now.
B: I see. That sounds like a good move to prevent more thefts, right?
A: Definitely! Last year, US citizens lost around ten billion dollars to these Southeast Asia-based scam operators, which is up over 60% from the previous year.
B: That's terrible! Hopefully, these sanctions will make things better.
B: Nah, just the usual stuff. What's up with you?
A: Well, something big happened! The US government announced sanctions on some cyber scam operators in Myanmar and Cambodia.
B: No way! What did they do exactly?
A: They stole billions of dollars from American citizens last year! Can you believe it?
B: Wow, that's scary. Where are these groups based at?
A: There are nine companies and individuals in Myanmar with ties to the Karen National Army, an armed ethnic group. And in Cambodia, they targeted ten parties where Chinese criminal networks run virtual currency scams.
B: That sounds serious! What happened next?
A: The Treasury Department froze all their properties and interests in the US and prohibited US citizens from dealing with them.
B: So now what can these guys do with their money?
A: Well, they can't use it in the US anymore! It's all blocked now.
B: I see. That sounds like a good move to prevent more thefts, right?
A: Definitely! Last year, US citizens lost around ten billion dollars to these Southeast Asia-based scam operators, which is up over 60% from the previous year.
B: That's terrible! Hopefully, these sanctions will make things better.
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Summary
The US government imposed sanctions on cyber scam operators in Myanmar and Cambodia, who stole billions from American citizens last year. The groups consist of nine companies/individuals linked to the Karen National Army in Myanmar and ten parties where Chinese criminal networks run virtual