The United States sanctioned 10 entities in Cambodia for allegedly engaging in virtual money investment fraud activities.

[The United States sanctions 10 Cambodian entities accused of engaging in Virtual Money investment fraud activities] The U.S. Department of the Treasury announced sanctions against 10 Cambodian entities, accusing them of forcing trafficked individuals to engage in Virtual Money investment fraud activities, and stated that the fraud gangs use debt bondage, violence, and forced prostitution threats to coerce individuals to scam strangers online, either through instant messaging applications or by directly sending text messages to the mobile phones of potential victims. It is reported that last year, Americans lost over $10 billion due to fraud activities originating from Southeast Asia.

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