ChainCatcher news, Wu said in a report, according to FT, blockchain analysis company Chainalysis and the U.S. anti-slavery organization International Justice Mission have analyzed that a company operating in Myanmar has defrauded victims of over $100 million in less than two years.Chainalysis stated that, based on its tracking of USDT, these assets were used to transfer funds from "pig butchering" victims. Its analysis indicated that USDT was also used to make payments to a company located in an area known as KK Park in eastern Myanmar, with funds coming from the families of trafficked workers, who were allegedly forced to pay ransoms for their release.

According to Chain Catcher news, as reported by Cointelegraph, Myanmar's Minister of Planning of the National Unity Government, Tin Tun Naing, stated that they are considering using the country's frozen national reserves as asset backing for issuing a central bank digital currency (CBDC). These reserves have been frozen since February 2021 in accounts at the New York Federal Reserve Bank in Singapore, Thailand, and Japan, potentially amounting to billions of dollars. (Cointelegraph)