US Treasury sanctions Cambodian tycoon for cryptocurrency fraud

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ODAILY
09-13
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Odaily Odaily News: The U.S. Treasury Department has imposed sanctions on Cambodian tycoon Li Yongfa and his companies. His business group LYP Group and multiple properties including the O-Smach Resort are suspected of large-scale human rights violations, involving forced labor by trafficked workers in online scams that mainly focus on cryptocurrency scams. The sanctions freeze assets in the United States and prohibit transactions, aiming to hold perpetrators accountable for these abuses. (Bitcoin.com)

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