U.S. Justice Department confiscates domain associated with crypto scam in Burma

On Tuesday, U.S. Agents intervened to seize the domain tickmilleas.com associated with a large scam operation in Burma. This action coincided with the closure of Huione Group’s activities, pressured by U.S. And U.K. Regulations. The domain was misusing fake trading balances to deceive investors.

Last year witnessed over 41,000 reported cryptocurrency investment fraud cases, culminating in losses of about 5.8 billion USD. The DOJ’s crackdown aims to dismantle these extensive fraud networks, especially those impersonating legitimate platforms to exploit unsuspecting individuals.