DOJ Seizes Burma Crypto Scam Domain After Victims Lost Millions in Fake Trading Scheme
The U.S. Department of Justice (DOJ) has taken down an internet area linked to a significant crypto funding rip-off working out of Burma, concentrating on folks in the United States.
The web site, tickmilleas(dot)com, was allegedly run by operators contained in the Tai Chang rip-off compound, also referred to as Casino Kosai, in the village of Kyaukhat.
Investigators say the web site pretended to be a professional buying and selling platform however as a substitute pulled victims right into a coordinated and extremely misleading crypto scheme.
Federal Agencies Remove Thousands of Accounts, Apps in Crackdown on Tai Chang Scam Network
An affidavit supporting the seizure hyperlinks the Tai Chang compound to the Democratic Karen Benevolent Army and the Trans Asia International Holding Group Thailand Company Limited.
The division stated each teams had been sanctioned final yr for ties to Chinese organized crime and their involvement in organising rip-off facilities throughout Southeast Asia.
The area seizure follows the latest launch of the District of Columbia’s Scam Center Strike Force and the takedown of two different domains tied to the identical operation.
Victims informed the FBI that the tickmilleas(dot)com platform confirmed pretend income, staged deposits, and different fabricated information meant to make it appear to be their trades had been performing nicely.
Scammers reportedly walked victims by way of these pretend trades to construct belief, although your complete system was managed behind the scenes.
Although the area was solely registered in early November 2025, investigators have already recognized a number of victims who misplaced cash inside weeks.
The DOJ has since changed the location with a discover telling guests the area has been seized.
The affidavit additionally says the area directed folks to obtain rip-off cell apps from Google Play and the Apple App Store.
After receiving warnings from the FBI, each corporations eliminated a number of apps linked to the operation.
Meta additionally took down greater than 2,000 linked accounts after receiving details about the Tai Chang community.
Federal officers say these actions mirror rising concern about crypto-related funding scams, which stay one of the crucial damaging classes of on-line crime in the United States.
In 2024, the FBI’s Internet Crime Complaint Center recorded greater than 41,000 complaints tied to crypto funding fraud, totaling an estimated $5.8 billion in losses.
DOJ Intensifies Crypto Crime Crackdown With New Charges, Seizures, and Sanctions
The motion comes throughout a interval of intense federal exercise towards crypto-related crime.
On November 20, prosecutors unsealed charges against former Olympic snowboarder Ryan Wedding, accusing him of working a Tether-based laundering community for drug cash and allegedly ordering the homicide of a federal witness in Colombia earlier this yr.
Former Olympic snowboarder Ryan Wedding is dealing with felony expenses in a global crypto-related scheme.#RyanWedding #DOJhttps://t.co/SIbcmvuL4j
— Cryptonews.com (@cryptonews) November 21, 2025
A couple of days earlier, on November 14, the DOJ announced the sentencing of Travis Ford, the CEO of Wolf Capital Crypto Trading, who obtained a five-year jail sentence for working a $9.4 million funding rip-off marketed as providing each day returns of as much as two p.c.
Federal investigators additionally moved to seize more than $15 million in USDT connected to North Korea’s APT38 hacking unit, which they are saying carried out a number of main crypto trade breaches in 2023.
The US DOJ is in search of to grab over $15 million in USDT tied to North Korean state-backed hacking unit APT38.#NorthKorea #Cryptohttps://t.co/LdPBVFKOhG
— Cryptonews.com (@cryptonews) November 16, 2025
The FBI seized the funds in March 2025 and is now asking a courtroom for permission to return the belongings to the victims.
In a separate case, prosecutors secured responsible pleas from 5 folks accused of serving to North Korean IT employees secretly receive jobs in U.S. corporations.
Other latest enforcement steps embody a civil forfeiture case tied to $584,741 in USDT linked to an Iranian national accused of supporting the Islamic Revolutionary Guard Corps’ drone program.
Additionally, in September, the DOJ sanctioned 19 entities in Myanmar and Cambodia for working forced-labor rip-off compounds used to function large-scale crypto fraud networks.
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