Close Menu
  • Instructions
  • News
    • DeFi
    • Smart Contract
    • Markets
    • Web3
    • Adoption
    • Memecoins
    • Analysis
    • Mining
    • Scams
    • Security
  • Education
    • Learn
    • Wallets & Exchange
  • Documentaries
  • Videos
    • Alessio Rastani
    • Altcoin Buzz
    • Coin Bureau
    • Dapp University
    • DataDash
    • Digital asset News
    • EllioTrades Crypto
    • MMCrypto
    • Lark Davis
    • Ivan on Tech
    • Benjamin Cowen
  • Market
    • Crypto Market Cap
    • Heat Map
    • Converter
    • Metal Prices
    • Stock prices
  • Bonus Books
  • Tools
What's Hot

CLARITY Act Delivers 3 Key Benefits for Developers, Investors, and Markets, Senator Says

July 19, 2026

Consensys unknowingly outsourced developer work to North Korean

July 19, 2026

Trump targets Brazil's payments system while dollar stablecoins are quietly overtaking country's payments

July 19, 2026
Facebook X (Twitter) Instagram
Recession Profit AlertsRecession Profit Alerts
  • Instructions
  • News
    • DeFi
    • Smart Contract
    • Markets
    • Web3
    • Adoption
    • Memecoins
    • Analysis
    • Mining
    • Scams
    • Security
  • Education
    • Learn
    • Wallets & Exchange
  • Documentaries
  • Videos
    • Alessio Rastani
    • Altcoin Buzz
    • Coin Bureau
    • Dapp University
    • DataDash
    • Digital asset News
    • EllioTrades Crypto
    • MMCrypto
    • Lark Davis
    • Ivan on Tech
    • Benjamin Cowen
  • Market
    • Crypto Market Cap
    • Heat Map
    • Converter
    • Metal Prices
    • Stock prices
  • Bonus Books
  • Tools
Recession Profit AlertsRecession Profit Alerts
Home»Security»Myanmar proposes death penalty for violent crypto scammers
Security

Myanmar proposes death penalty for violent crypto scammers

May 16, 2026No Comments3 Mins Read

Myanmar has proposed introducing the death penalty for violent criminals who coerce victims into crypto scam center operations.

Singapore news outlet CNA reports that draft legislation for the “Anti-Online Scam Bill” was published today.

The legislation states that the death penalty would apply to criminals using “violence, torture, unlawful arrest and detention, or cruel treatment against another person for the purpose of forcing them to commit online scams.”

The bill will reportedly be scrutinized when Myanmar’s current military government, which came to power in a 2021 coup, returns to sit in Parliament in June.

The Myanmar military’s recent raid on the KK Park scam compound near the Thai border was for optics. There were scenes of victims fleeing, arrests, and even demolitions.

According to The Irrawaddy and Myanmar Witness, analysts and locals say the operation was mostly a public… pic.twitter.com/qrskrJ7Xpg

— Jacob in Cambodia 🇺🇸 🇰🇭 (@jacobincambodia) November 8, 2025

Myanmar has been accused of raiding scam centers “for optics” while protecting criminals.

Local media also reports that those found to run scam centers or carry out crypto scams will also face a potential life sentence in prison.

It’s unclear if this same sentence would apply to victims forced to undertake scams against their will.

Just last month, Myanmar’s president Min Aung Hlaing commuted all death sentences to life sentences.

$1 billion of assets linked to alleged scam kingpin frozen

The billion-dollar crypto scam industry has set up numerous compounds along Myanmar’s borders as well as across Southeast Asia in countries such as Cambodia and Laos.

One alleged kingpin is Prince Group CEO Chen Zi. Today, the Hong Kong High Court reportedly ordered the freezing of HK$9 billion ($1.15 billion) in assets under Chen’s ownership.

See also  Bankrupt Crypto Lender BlockFi Approved To Repay Customers

Chen is currently in custody in China after he was extradited from Cambodia in January. He’s accused of running a mammoth criminal enterprise that included the operation of crypto scam centers.

Cambodian PM’s cousin owned 30% of scam-linked Huione Pay

Chen and his company were sanctioned by the US and UK last year alongside another accused scam conglomerate, Huione Group.

The bank license of Hunie Group’s financial arm, Huione Pay, was revoked last year. This firm had significant financial ties to the family of Cambodia’s political elite.

Panda Bank, which reportedly contains senior leaders that overlap with Huione Pay’s operations, saw its license revoked last February. Liquidators for the firm announced yesterday that its app will be removed from the app store.



Source link

Crypto death Myanmar penalty proposes Scammers violent

Related Posts

Consensys unknowingly outsourced developer work to North Korean

July 19, 2026

Florida Man Charged in Video Game Malware Scheme That Stole Crypto

July 19, 2026

Protocol logic attacks grow as hackers shift from wallet exploits

July 18, 2026

Crypto executives say digital native generations may never need a bank account

July 18, 2026
Top Posts

Bitcoin falls below $63,000 as risk assets sell off and the week's bounce fades

June 20, 2026

El Salvador launches first Bitcoin mining pool as Volcano Energy partners with Luxor

October 4, 2023

Why Kazakhstan Blocked Coinbase Crypto Exchange

November 7, 2023

Type above and press Enter to search. Press Esc to cancel.