The United Nations Human Rights Commission has sounded an alarm regarding the increasing number of victims in Southeast Asia embroiled in cryptocurrency fraud.
Vulnerable Populations at Greatest Risk
These scams prey on trafficked individuals and vulnerable migrants. These individuals face significant human rights violations, the Commission reports.
According to a recent UN report, victims of these scams can be broadly categorized into two camps:
- Financial Victims: Individuals who endure monetary losses due to fraudulent schemes.
- Operational Victims: Those manipulated into running these fraudulent operations.
The report underscores that crypto scams in the Southeast Asia region have ensnared “hundreds of thousands”. Malicious actors subject them to inhumane conditions that blatantly infringe on their rights. It further emphasizes, “Those forced to operate these scams are subjected to severe human rights breaches.”
While men constitute most of those lured by these scams, women and children aren’t spared. The UN emphasizes the alarming trend of victims being trafficked across international borders. The victims, intriguingly, aren’t just foreigners. “National citizens are targeted in some countries,” the report reveals.
Technological Advancements: A Double-Edged Sword
Southeast Asia’s meteoric rise of digital technology, including cryptocurrencies and online platforms, is a significant factor. This digital boom, the UN states, has paved the way for opportunists to exploit vulnerable populations.
In a related development, the Federal Bureau of Investigation (FBI) has cautioned US job seekers about misleading job listings that inadvertently rope them into these scams. The FBI highlights an alarming modus operandi where criminals lure job seekers to countries like Cambodia only to trap them in deceptive crypto ventures. They use a myriad of enticements, from fake relationships to illicit substances.
An alarming revelation is the confiscation of victims’ passports, which drastically hinders their chances of fleeing these operations.
Crypto Scam Efforts Hurt Everyone In Southeast Asia
It’s not only the impoverished who fall prey. Surprisingly, white-collar professionals, especially those laid off during the pandemic, have emerged as potential targets.
The FBI urges job seekers to be wary of ambiguous job advertisements boasting exaggerated benefits. Contacting the US Embassy is strongly recommended for US citizens trapped in forced labor.
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