South Korea does not want its citizens traveling to some areas in Cambodia amid crypto-related fraud

South Korea has implemented a travel ban for its citizens to specific areas in Cambodia due to a surge in kidnappings linked to cyber-scam ￰0￱ ban comes amid a major international crackdown on Southeast Asian cyber-scam networks that has outed Cambodia as a hub for forced-labor crypto fraud operations forcing the US Treasury Department in coordination with the UK to expose and sanction the Cambodian conglomerates tied to the operation

leading to asset seizures and ￰1￱ New York’s Joint Asian Criminal Enterprise Task Force announced charges against Chen Zhi.) is reportedly now investigating DW Capital for potential breaches related to a 13X tax incentive it received amid concerns over oversight ￰2￱ plans to delay the release of new rules on how banks handle crypto assets until 2027 reflecting the need for careful consideration of regulatory frameworks in light of the recent ￰3￱ the case unfolds Chen

who faces up to 40 years behind bars on the combined fraud and money-laundering charges remains at ￰4￱ a premium crypto trading community free for 30 days - normally $100/mo.