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US Treasury sanctions Cambodian tycoon over crypto fraud and trafficking links

US sanctions Cambodian tycoon over crypto fraud and trafficking linksThe US Treasury Department has imposed sanctions on Cambodian tycoon Ly Yong Phat and his businesses, linking them to human trafficking and forced labor scams involving cryptocurrency fraud. Victims were manipulated into online scam centers and trafficked workers were forced to work for these schemes. The sanctions freeze US assets and prohibit transactions, (…)

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