A new strike force is being established to combat overseas ‘pig butchering’ schemes as the U.S. intensifies its operations against illicit activities in Burma. This initiative aims to address the growing concern over fraudulent schemes that exploit victims through deceptive practices. The term ‘pig butchering’ refers to a type of scam where victims are lured into investing in fake cryptocurrency platforms, resulting in significant financial losses. The U.S. government’s focus on these operations highlights the increasing recognition of the need to tackle such scams that often originate from overseas. Authorities are expected to collaborate with international partners to enhance efforts in identifying and dismantling these networks.
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