U.S. Targets Militia-Run Crypto Fraud Network With New Sanctions

By: bitcoin ethereum news|2025/05/06 17:00:08

The U.S. Treasury has targeted a militia group in Southeast Asia for its alleged role in large-scale crypto fraud and other criminal operations. The Karen National Army (KNA), a group based in eastern Myanmar near the Thai border, has been officially designated as a transnational criminal organization by the Treasury’s Office of Foreign Assets Control (OFAC), along with its leader, Saw Chit Thu, and his two sons. The KNA is accused of running elaborate cryptocurrency scams, including the notorious “pig butchering” schemes. These scams involve con artists building relationships with victims over time—often via messaging apps or social media—before convincing them to invest repeatedly in fake crypto platforms. The scams have proven financially devastating, particularly for older Americans. Though no specific figure was cited in the Treasury’s announcement on May 5, officials emphasized that such scams originating from Myanmar have cost U.S. citizens billions of dollars. The KNA is also believed to be deeply involved in human trafficking and cross-border smuggling, with trafficked individuals allegedly being used to help carry out digital fraud on a mass scale. The U.S. continues to refer to Myanmar as “Burma” in diplomatic contexts to signal its rejection of the country’s military regime. The KNA, active in this contested region, has now joined the growing list of crypto-linked actors sanctioned by OFAC, which in recent years has also taken action against Middle Eastern terror groups and blockchain privacy tools like Tornado Cash. Recent data from U.S. agencies underscores the growing impact of crypto fraud: Americans lost $9.3 billion to such schemes in 2024 alone—a 66% jump from the previous year. Seniors over 60 were hit the hardest, reporting nearly $3 billion in losses. Blockchain analytics firms, including TRM Labs, estimate that pig butchering scams alone accounted for over $4.4 billion in theft in 2023. Reporter at Coindoo Алекс е опитен финансов журналист и ентусиаст в областта на криптовалутите и блокчейна. С над 8 години опит в отразяването на крипто, блокчейн и финтех индустриите, той дълбоко разбира сложния и постоянно развиващ се свят на дигиталните активи. Неговите проницателни и провокиращи мисълта статии предоставят на читателите ясна картина на най-новите развития и тенденции на пазара. Страстният му подход му позволява да разбива сложни идеи на достъпно и проницателно съдържание. Следете съдържанието му, за да сте в крак с най-важните тенденции и теми. Related stories Next article !function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';n.queue=[];t=b.createElement(e);t.async=!0;t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window,document,'script','https://connect.facebook.net/en_US/fbevents.js');fbq('init','1188189499475368');fbq('track','PageView'); Source: https://coindoo.com/u-s-targets-militia-run-crypto-fraud-network-with-new-sanctions/

On March 4, 2026, DDC Enterprise Limited (NYSE American: DDC) today announced preliminary, unaudited full-year financial performance for the year ended December 31, 2025. The company expects to achieve record revenue and record positive adjusted EBITDA, primarily driven by continued growth in its core consumer food business and overall margin improvement. The final audited financial report is expected to be released in mid-April 2026.

2025 Full-Year Financial Highlights

Revenue: Expected to be between $39 million and $41 million, reaching a new company high.

Organic Growth: Excluding the impact of the company's strategic contraction of its U.S. operations, core revenue is expected to grow 11% to 17% year over year.

Gross Profit Margin: Expected to be between 28% and 30%, reflecting continued operational efficiency improvements.

Adjusted EBITDA: The company expects to achieve a positive full-year result in 2025, a significant improvement from a $3.5 million loss in 2024, mainly due to rigorous cost controls and a higher-margin sales mix.

Core Consumer Food Business Performance

In 2025, DDC's core consumer food business maintained strong operational performance.

The company also disclosed Core Consumer Food Business Adjusted EBITDA, a metric that further excludes costs related to its Bitcoin reserve strategy and non-cash fair value adjustments related to its Bitcoin holdings from adjusted EBITDA to more accurately reflect the core business performance.

In 2025, Core Consumer Food Business Adjusted EBITDA is expected to be between $5.5 million and $6 million.

Bitcoin Reserve Update

In the first half of 2025, DDC initiated a long-term Bitcoin accumulation strategy, holding Bitcoin as its primary reserve asset.

As of December 31, 2025: The company holds 1,183 BTC.

As of February 28, 2026: Holdings increased to 2,118 BTC

Today's additional purchase of 65 BTC brings the company's total holdings to 2,183 BTC

DDC Founder, Chairman, and CEO Norma Chu stated, "We are proud to have closed 2025 with record revenue and positive adjusted EBITDA, demonstrating the steady growth of the company's consumer food business and the ongoing improvement in profitability. We are building a disciplined, growth-oriented food platform and strategically allocating capital to Bitcoin assets with a long-term view, aligning with our core beliefs. We believe that this dual-track model of 'Steady Consumer Business + Strategic Bitcoin Reserve' will help DDC create lasting long-term value for shareholders."

Adjusted EBITDA Definition
For the full year 2025, the company defines "Adjusted EBITDA" (a non-GAAP financial measure) as: Net income / (loss) excluding the following items:· Interest expense· Taxes· Foreign exchange gains/losses· Long-lived asset impairment· Depreciation and amortization· Non-cash fair value changes related to financial instruments (including Bitcoin holdings)· Stock-based compensation

About DDC Enterprise Limited

DDC Enterprise Limited (NYSE: DDC) is actively implementing its corporate Bitcoin Treasury strategy while continuing to strengthen its position as a leading global Asian food platform.

The company has established Bitcoin as a core reserve asset and is executing a prudent, long-oriented accumulation strategy. While expanding its portfolio of food brands, DDC is gradually becoming one of the public company pioneers in integrating Bitcoin into its corporate financial architecture.

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DDC Enterprise Limited Announces 2025 Unaudited Preliminary Financial Performance: Record Revenue Achieved, Bitcoin Treasury Grows to 2183 Coins