The Golden Triangle Area in Cambodia and Myanmar once was famous for agricultural products of drugs like opium, but recently, drugs were changed to lower cost production in laboratory synthesis like fentanyl. The area in recent decade is famous for KK Park, which is used for cyber scamming around the world.
The scamming group is supported by military government and each complex is called as KK Park. It is as large as a secondary city in China, they not only have dormitory and working area, but also have recreations like karaoke, swimming pool, restaurants and bars, sex workers, casinos and hospitals. But bounded by high rise walls and wires, patrolled by army with weapons. How they recruit workers? They have advertisement of nice jobs but on arrival will tell to act as scammers. Sometimes they kidnapped people on the border and thus forced them to do scamming, those who cannot meet the target will be seriously beaten and maltreated.
At first, they recruit workers from South China and scamming was aimed at their hometown only. Later on, spread to South East Asia, Korea, Taiwan, India, UK and US. In peak time, even Taiwanese government had gone to their own airport to prevent people being go over and fallen in the trap of scammers. Recently, a famous movie star was kidnapped but released after paying ransom. China once sent 2 policemen as undercover but were detected and buried alive to death. In September, China caught 11 people and sentenced them to death. However, those were just secondary groups only, or of secondary importance.
They used bitcoin for money laundering, and when they were caught, large amount of bitcoin is confiscated and people afraid they would go to the market for auction or lump sum selling, so there is a drop in bitcoin recently. As a rule, the psychological worry is more important than the actual bitcoin caught and released to the public market.
Until October 14, the joint action of UK and US seized 127,000 BTC worth about US$15 billion. It is the largest amount ever caught in scamming of world history. People believed that the Prince Group is only one of the important groups and not all in all. May have some more other group or groups. Anyway, the clearance action started. In the past, people said why don’t the government cut their water, electricity and WIFI supply? WIFI has already been cut, but they turned to Starlink. China sentenced 11 people to death and destroy the complex but another KK park soon re-open nearby.
The scamming at first used lower-level method, just by telephone saying your mobile or visa got some problems and need you to give money to solve it. Later they are upgraded to Fishing Account, they give you chance to earn money first. It is also known as Pig Slaughtering. They can teach you to be an instructor and help other people to make money, put you into the status of instructor and not small potato in the market. Some pretend to fall in love with you and call you as their husband or wife. Normally, when you put in small amount for trial you can win, but when large amount you lose and the scammer disappeared at once. The level of scamming is much upgraded, not just for money, but can cut your body organ in exchange of money.
Anyway, one point the AI could not answer, such a situation has been existing for nearly one decade and no one has power to face such a strong group, what triggered US and UK to have so strong and action? AI platforms are unable to answer, but really give useable information. Please study the following thoroughly and can ask further how they affect the price of Bitcoin and financial market.