U.S. Treasury Sanctions Cambodian Tycoon With Ties to Pig Butchering Scams

The U.S. Treasury Department's sanctions against Ly Yong Phat and his enterprises not only bar U.S. transactions but also influence global banks to avoid dealings with him.

Brendan Hanifin notes, 'The practical effect of the SDN designation will be to cut off Ly's access to most of the global financial system,' affecting his business viability.

Read at Coindesk