China carries out executions of 11 linked to Myanmar-based scam network
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Cambodia moves to tighten law against online scam gangs
Cambodia is drafting new legislation to create clearer legal tools and strengthen enforcement against criminal networks operating online scam operations from within its borders. Officials say the measure aims to disrupt transnational fraud schemes that have siphoned substantial sums from victims abroad and to give investigators firmer authority to act.

China-linked Xinbi Processed $17.9B in Crypto Flows as Guarantee Services Moved Off Telegram
TRM Labs links roughly $17.9 billion in on‑chain traffic to wallets tied to a Chinese‑language guarantee marketplace known as Xinbi, which sustained operations by moving coordination off Telegram and launching an affiliated wallet. The case illustrates a wider industry trend identified by blockchain‑forensics firms: laundering services are professionalizing and dispersing across channels, requiring coordinated cross‑platform and cross‑border responses.

On-chain laundering surges to $82B as Chinese-language networks entrench a resilient underground market
Blockchain analytics firm Chainalysis finds on-chain laundering ballooned to about $82 billion in 2025, driven by rising market liquidity and more professionalized laundering services. Chinese-language crews now handle a sizable share of that volume through messaging-platform hubs, mule networks and OTC-style trading that preserve operational continuity under enforcement pressure.

CJNG-linked Kovay Gardens hit with U.S. Treasury sanctions over timeshare fraud
The U.S. Treasury designated Kovay Gardens and affiliated entities, alleging the resort fed a cartel-run fraud network that targeted American tourists. Authorities say financial intelligence and law-enforcement filings point to hundreds of suspicious reports and hundreds of millions of dollars in suspected losses tied to the scheme.

Crypto payments accelerate human-trafficking networks across Southeast Asia
New blockchain-forensics research shows a steep 2025 uptick in cryptocurrency-funded human‑trafficking activity in Southeast Asia concentrated on messaging platforms; traffickers route payments mainly through dollar‑pegged stablecoins and use Telegram-based escrow and cash‑out markets. These trafficking flows sit inside a wider professionalized laundering ecosystem — brokers, mule networks and language‑specific trading venues — that increases resilience to takedowns and raises the need for cross‑platform, cross‑jurisdiction disruption.
South Korea breaks a cross-border crypto laundering operation that moved roughly W149 billion
Customs investigators uncovered a multi-year scheme that allegedly routed about 148.9 billion won through cryptocurrency and local bank accounts; three suspects have been referred to prosecutors. The action is part of a broader enforcement push as authorities tighten oversight of foreign exchange flows and underground exchange activity.
Founder of Incognito Market Sentenced to 30 Years over Crypto-Facilitated Drug Trade
A federal court handed a 24-year-old operator a 30-year prison term and ordered forfeiture of roughly $105 million for running a crypto-enabled darknet marketplace that moved large quantities of illicit drugs. The platform’s internal crypto ledger, broad user base and millions in takings underscore continuing law-enforcement pressure on cryptocurrency-facilitated illicit markets.

Former SafeMoon Chief Sentenced to 100 Months, Ordered to Forfeit $7.5M
A federal judge in New York sentenced former SafeMoon CEO Braden John Karony to 100 months in prison after convictions for securities fraud, wire fraud and money laundering, and ordered forfeiture of $7.5 million and two homes. The case underscores a widening international enforcement trend that uses traditional criminal and forfeiture tools to address manipulative conduct and illicit proceeds in token markets.