• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
Sq Magazine LogoSQ Magazine

Smarter Insights for a Fast-Moving Digital World

  • Latest News
  • Statistics
  • About
  • Contact
  • Subscribe
Subscribe
Sq Magazine Logo
  • Latest News
  • Statistics
  • About
  • Contact
Add as a preferred
source on Google
Home » Cryptocurrency

US Seizes Burmese Scam Website Linked to $10 Billion Crypto Fraud

Published on: December 3, 2025, 9:32 AM EST
Barry Elad
Founder & Senior Journalist • 754 Articles
Barry Elad is a seasoned journalist and analyst specializing in finance, technology, AI, and founder of SQ Magazine. He explores the world o...
LATEST POSTS:
Meta’s Muse Spark Open Lands With Fine Print and a China Gap
NVIDIA Launches Open Nemotron 3.5 Super VL AI Model
Gemini 4 Argon Official Launched to Consumer, Enterprise and Developers
Us Authorities Seize Crypto Scam Linked Domain Name
As Featured In
The New York Times LogoForbes LogoWired LogoDeloitte LogoResearch.com Logo
Share on LinkedIn ChatGPT Perplexity Share on X Share on Facebook

The U.S. Department of Justice has seized a fake investment website tied to a Burmese scam compound responsible for large-scale cryptocurrency fraud targeting Americans.

Quick Summary – TLDR:

  • U.S. authorities seized the domain tickmilleas.com, which was used by scammers in Burma to defraud Americans through fake cryptocurrency investments.
  • The domain was part of a broader operation run by the Tai Chang scam compound, linked to Chinese organized crime and armed groups in Southeast Asia.
  • Victims were tricked into investing real cryptocurrency through a site mimicking a legitimate platform.
  • This action is part of the newly launched Scam Center Strike Force, targeting transnational crypto fraud operations.

What Happened?

The FBI San Diego Field Office, in partnership with the Department of Justice and other agencies, took down a website used in an elaborate cryptocurrency investment fraud. The seized domain, tickmilleas.com, was operated from the Tai Chang scam compound in Burma, which is reportedly affiliated with organized crime networks and armed militia groups. The move is one of the first major actions by the Justice Department’s new Scam Center Strike Force.

🚨The domain had been used by scammers located at the Tai Chang scam compound (aka Casino Kosai) located in the village of Kyaukhat, Burma. This domain seizure comes less than three weeks after the announcement of the launch of the Scam Center Strike Force and the seizure of two… pic.twitter.com/QyzGdbRm5D

— U.S. Attorney DC (@USAO_DC) December 2, 2025

Fake Investments and Real Losses

The website tickmilleas.com was designed to mimic a professional cryptocurrency investment platform. Victims were lured through dating apps, social media, and text messages, where scammers built virtual relationships and gradually introduced fake investment opportunities. Once convinced, victims were guided step-by-step through the process of transferring funds into what they believed were growing crypto portfolios.

  • The site showed fake profits and deposits to build trust.
  • Victims were walked through fake trades while scammers faked activity on the platform.
  • Despite the site being registered only in November 2025, several victims had already lost money within the first few weeks.

The domain was connected to a criminal network operating out of Casino Kosai in Kyaukhat, Burma, and linked to the Democratic Karen Benevolent Army (DKBA) and Trans Asia International Holding Group Thailand, both of which were recently sanctioned by the U.S. Treasury for connections to Chinese organized crime and scam compound development.

Multi-Agency Operation Targets Scam Infrastructure

The seizure of tickmilleas.com follows two similar domain seizures just weeks earlier. This operation was spearheaded by the Scam Center Strike Force, a coalition involving the FBI, DOJ Criminal Division, U.S. Secret Service, and the U.S. Attorney’s Offices from Washington D.C. and Rhode Island.

As part of the investigation:

  • The FBI alerted Google and Apple about scam-linked mobile apps, which have since been voluntarily removed.
  • Social media giant Meta removed over 2,000 fake accounts tied to the scam compound.
  • A splash page now appears on the seized domain warning potential victims that the site is fraudulent and under law enforcement control.

Meanwhile, FBI agents have been deployed to Bangkok, working alongside the Royal Thai Police in a joint effort to dismantle scam compounds like Tai Chang and others across Southeast Asia.

Newsletter
Don’t chase tech news. We track it for you.

One weekly briefing with the launches, AI developments, and breaches that matter. No filler.

Read by pros at Fortinet, TSMC, Barclays, and Deloitte.

Billions in Losses and Human Trafficking

These schemes, often referred to as “pig butchering” scams, are said to be responsible for nearly $9 to $10 billion in losses for Americans annually. The name comes from the way scammers build trust and fatten up their victims before financially gutting them.

But the damage goes beyond financial fraud:

  • Many scam workers are actually human trafficking victims, held captive in these compounds under the threat of violence.
  • Scam operations are so massive in parts of Southeast Asia that they reportedly contribute to nearly half the GDP in some regions.

In 2024 alone, the FBI’s Internet Crime Complaint Center (IC3) received over 41,000 complaints about cryptocurrency investment fraud, totaling approximately $5.8 billion in reported losses.

SQ Magazine’s Takeaway

Honestly, I find this crackdown long overdue. It’s wild how convincing some of these scam platforms can be, especially when they’re propped up by entire criminal networks. I’m glad to see U.S. authorities not only shutting down websites but also going after the root of the problem. The scam compounds and organized crime networks behind them. It’s also a huge deal that tech companies like Google, Apple, and Meta are finally stepping up in coordination with law enforcement. This isn’t just about protecting money. It’s about protecting lives and cracking down on global human trafficking rings.

SQ Magazine follows strict Publishing Principles and a documented Fact-Check Policy to ensure accuracy, transparency, and editorial independence across all content.

Add SQ Magazine as a Preferred Source on Google for updates! Follow on Google News
Share ChatGPT Perplexity
Barry Elad

Barry Elad

Founder & Senior Journalist


Barry Elad is a seasoned journalist and analyst specializing in finance, technology, AI, and founder of SQ Magazine. He explores the world of artificial intelligence, uncovering trends, data, and real-world impacts for readers. When he’s off the page, you’ll find him cooking healthy meals, practicing yoga, or exploring nature with his family.

Related Posts

Europol Busts Crypto Phishing Syndicate
Cybersecurity

Europol Busts Crypto Phishing Syndicate Behind 49 Million Fake Accounts

China Blames U S For Largest Bitcoin Theft In History
Cybersecurity

China Blames U.S. for Largest Bitcoin Theft in History

Indian Authorities Freeze 271m Worth Crypto Of Octafx
Cryptocurrency

India Freezes $271M in Crypto in Major Crackdown on OctaFX Forex Fraud

Disclaimer: The content published on SQ Magazine is for informational and educational purposes only. Please verify details independently before making any important decisions based on our content.

Reader Interactions

Leave a Comment Cancel reply

Primary Sidebar

Connect With Us

facebook x linkedin google-news telegram pinterest whatsapp email
google-preferred-source-badge Add as a preferred source on Google

You Should Also Read

FBI Destroys Massive AI Phishing Empire Linked to $1.9B Theft
Thailand Freezes 3 Million Bank Accounts in Anti-Scam Crackdown
Microsoft Takes Down Chinese-Language Phishing Services

Table of Contents

  • Quick Summary – TLDR:
  • What Happened?
  • Fake Investments and Real Losses
  • Multi-Agency Operation Targets Scam Infrastructure
  • Billions in Losses and Human Trafficking
  • SQ Magazine’s Takeaway

Weekly stats quiz Week 43

How much of a tech geek are you?

5 fast questions from this week's verified industry data. About a minute.

Play the quiz New every Monday

Footer

SQ Magazine Logo

Smarter Insights for a Fast-Moving Digital World

Connect With Us

Follow Us on Google News

Editorial & Trust

  • About
  • Publishing Principles
  • Fact-Check Policy
  • Corrections Policy
  • Ethics Policy
  • Disclaimer
  • Cookie Policy

Worth Checking

  • The Tech Index
  • The Threat Index
  • Social Media Attention Span Stats
  • Instagram Followers Stats
  • Google Usage Stats
  • LLM Hallucination Stats
  • Gen Z Social Media Stats
Contact Us
13570 Grove Dr #189,
Maple Grove, MN 55311,
United States
10 a.m. to 6 p.m. | Every day

Copyright © 2022–2026 SQ Magazine. All Rights Reserved. Powered by the Neural Stack.

  • Privacy Policy
  • Terms
  • Accessibility Statement
Company
  • About Us
  • Our Team
  • Our Mission
  • Core Values
Discover
  • Brand Assets
    Brand Assets
  • Stats Methodology
    Stats Research Process
  • Glossary
    Glossary
Categories
  • Internet
  • Technology
  • Artificial Intelligence
  • Gaming
  • Cryptocurrency
Internet
Influencer Marketing Platform Statistics 2026: Market and Spend
Influencer Marketing Platform Statistics 2026: Market and Spend
Dailymotion Statistics Users Views and Market Share
Dailymotion Statistics 2026: Users, Views and Market Share
Average Attention Span Statistics The Cross-Domain Numbers
Average Attention Span Statistics 2026: The Cross-Domain Numbers
How Many Videos Are on YouTube Statistics
How Many Videos Are on YouTube Statistics 2026: Key Data
How Many People Work at WhatsApp
How Many People Work at WhatsApp 2026: Employee Count and History
Spotify Listening Statistics
Spotify Listening Statistics 2026: Average Listening Time
Technology
Linux Distro Market Share Statistics Most Popular Distributions
Linux Distro Market Share Statistics 2026: Most Popular Distributions
Average US Salary Statistics Median Income by Age and State
Average US Salary Statistics 2026: Median Income by Age and State
Aptoide Statistics 2026: Downloads, Users and App Store Share
Aptoide Statistics 2026: Downloads, Users and App Store Share
AppsFlyer Statistics Customers Revenue and Market Position
AppsFlyer Statistics 2026: Customers, Revenue and Market Position
How Many iPhones Has Apple Sold
How Many iPhones Has Apple Sold in 2026? Units Sold by Year
How Many Employees Does Amazon Have
How Many Employees Does Amazon Have 2026: Workforce Growth
Artificial Intelligence
Cursor AI Statistics 2026: Users, Revenue and Developer Adoption
Cursor AI Statistics 2026: Users, Revenue and Developer Adoption
AI Search Engine Statistics Usage Market Share and Adoption
AI Search Engine Statistics 2026: Usage, Market Share and Adoption
AI Music Statistics
AI Music Statistics 2026: Generation, Adoption and Industry Impact
AI Coding Statistics
AI Coding Statistics 2026: Adoption, Productivity and Market Data
How Much Content on Social Media Is AI Generated Statistics
How Much Content on Social Media Is AI Generated Statistics 2026: Hidden Truths
ChatGPT vs DeepSeek Statistics
ChatGPT vs DeepSeek Statistics 2026: Users, Benchmarks & Pricing
Gaming
Clash Royale Statistics Revenue Players and Engagement
Clash Royale Statistics 2026: Revenue, Players and Engagement
Gaming Statistics
Gaming Statistics 2026: Market Size, Players, Revenue, and Platforms
Roblox vs Minecraft Statistics
Roblox vs Minecraft Statistics 2026: Players, Revenue, Creators
Online Gambling Regulations Statistics
Online Gambling Regulations Statistics 2026: Global Compliance and Enforcement Data
Fantasy Sports Statistics
Fantasy Sports Statistics 2026: Users, Revenue & Trends
Apex Legends Statistics 2026: Players, Revenue, and Esports
Apex Legends Statistics 2026: Players, Revenue, and Esports
Cryptocurrency
How Many Bitcoins Are There
How Many Bitcoins Are There in 2026? Supply, Mined and Remaining Statistics
Stablecoin Usage Statistics
Stablecoin Usage Statistics 2026: Explosive Growth
Cryptocurrency Adoption Statistics
Cryptocurrency Adoption Statistics 2026: Shocking Trends Now
Coinbase Wallet Statistics
Coinbase Wallet Statistics 2026: Users, Security
Dogecoin Statistics 2026: Circulating Supply, Inflation Rate and ETFs
Dogecoin Statistics 2026: Circulating Supply, Inflation Rate and ETFs
BONK Coin Statistics Supply Holders Price and Treasury Data
BONK Coin Statistics 2026: Supply, Holders, Price and Treasury Data
Categories
  • Artificial Intelligence
  • Cybersecurity
  • Technology
  • Internet
  • Cryptocurrency
Artificial Intelligence
Google Cloud Brings Openai Models
Google Cloud Brings OpenAI Models to Enterprise Customers
Muse Spark Open Launched With Apple
Meta’s Muse Spark Open Lands With Fine Print and a China Gap
Nvidia Nemotron 3 5 Super Vl Featured 2
NVIDIA Launches Open Nemotron 3.5 Super VL AI Model
Gemini 4 Argon Official Launched For Everyone
Gemini 4 Argon Official Launched to Consumer, Enterprise and Developers
Openai Gpt 6 1 Sol Codex Degraded Performance Featured 1
OpenAI Reports Degraded Performance in GPT-6.1 Sol Codex
Meta Muse New Models Launched
Meta Launches Muse Wonder and Muse Wonder Full Agent Models
Cybersecurity
Php Critical Update Warning
PHP Readies Critical Security Update for Two 9.2 Flaws
Signal Call Ringrtc Flaw Fix
Signal Fixes Critical RingRTC Flaw That Could Keep Audio On After Hangup
Ovhcloud Cli Supply Chain Malware
OVHcloud CLI Backdoored to Steal Developer Secrets
Sbi Data Breach Claim Unverified
SBI Confirms Customer Data Loss After Dark Web Leak Claim
Rank Math Pro Plugin Malware Update
Rank Math SEO Pro Update Linked to Malware Incident
Burger King Japan Data Breach Confirmed
Burger King Japan Says Breach May Affect 11.18M Accounts
Technology
Apple Music New Logo Rebrand
Apple Music Rebrands With a Logo Made by Fred Again’s Music
Apple Homepod Mini 2 Preorder Featured 1
Apple Launches HomePod Mini 2 with £149 and Opens Pre-Order
Amazon Tablet With Android Launched
Amazon Debuts Ultra-Thin Alexa Tablet 12 Pro at $499
Apple Autumn Launch Surprise
Apple Eyes Surprise Late-October Launch for New Macs
Microsoft Windows Deployment Service Deprecation
Microsoft Will Deprecate Windows Deployment Services After Server 2025
Youtube Custom Feeds With Gemini Ai
YouTube’s AI Feed Builder Changes Video Discovery
Internet
Microsoft 365 Family Sharing Storage Cuts
Microsoft 365 Family Faces Massive OneDrive Storage Cut
Meta Launched Meta One Subscription
Meta One Bundles Instagram, Facebook, WhatsApp Into One AI Subscription
Apple Wallet Ids Launch In Oklahoma
Apple Wallet IDs Launch in Oklahoma in Major Expansion
Meta to Pay 18 Billion in Landmark Teen Safety Deal
Meta to Pay $18 Billion in Landmark Teen Safety Deal
Whatsapp Brings Passkeys 2fa
WhatsApp Hits 1 Billion Passkey Users, Adds 2FA Passwords
Apple Eu App Store Fee Reduction
Apple Sets New EU App Store Fees, Effective October 1
Cryptocurrency
Sonic Labs Launch Ussd Stablecoin
Sonic Launches USSD Stablecoin Backed by US Treasuries
Bhutan Moves 12m In Bitcoins
Bhutan Moves $12 Million in Bitcoin from Primary Wallets
Curve Finance Accuses Pancakeswap For Code Stealing
Curve Accuses PancakeSwap of Copying StableSwap Code
Strike Receives Bitlicense In New York
Strike Gets New York BitLicense for Bitcoin Financial Services
Scotiabank Multi Crypto Etf 3iqlogos
Scotiabank Launches Multi Crypto ETF With 3iQ in Canada
Nyse Parent Invests In Okx Crypto Exchange
ICE Invests in OKX to Bridge Crypto and Traditional Finance
Newsletter

Too much tech noise?

We respect your time. One high-signal briefing a week: tech, AI, and security. Nothing else.

Read by pros at Fortinet, TSMC, Barclays, and Deloitte.