Ko Thet Company / Sanduo Group / Giant Company Pig-Butchering Network
Summary
Ko Thet Company, Sanduo Group, and Giant Company are three alleged organized criminal enterprises that operated pig-butchering cryptocurrency fraud networks out of Southeast Asia, primarily targeting Americans. A coordinated international law enforcement operation announced April 29, 2026 resulted in at least 276 arrests across Dubai and Thailand, the shutdown of nine scam centers, the seizure of $701 million in cryptocurrency, and federal indictments unsealed in the Southern District of California against four named defendants and two fugitive co-conspirators. The FBI's companion initiative, Operation Level Up, identified approximately 9,000 victims and estimated $562 million in losses prevented.
Connected Entities
1 entities · 10 linked investigations- + 1 more
Timeline(12 events)
2024-01-01
FBI launches Operation Level Up, a proactive initiative to identify active pig-butchering victims and contact them before additional losses occur.
FBI Official Page2025-01-01
Investigation into Ko Thet Company, Sanduo Group, and Giant Company networks begins, per DOJ charging documents.
DOJ Office of Public Affairs2025-05-01
Treasury designates Huione Group as a primary money-laundering concern after finding it moved over $4 billion in cybercrime proceeds.
TRM Labs: Scam Center Strike Force2025-11-12
DOJ formally establishes the Scam Center Strike Force, a multi-agency initiative targeting Southeast Asian pig-butchering networks.
TRM Labs: Scam Center Strike Force2025-11-01
OFAC sanctions the Democratic Karen Benevolent Army (DKBA) and associated entities for operating and protecting scam compounds in Burma targeting Americans.
U.S. Department of the Treasury2025-11-01
Karen National Liberation Army takes control of the Shunda compound in Min Let Pan, Myanmar; investigators subsequently review over 8,000 phones and 1,500 computers seized from the facility.
DOJ: Scam Center Strike Force Major Actions2026-03-01
Grand jury in the Southern District of California returns indictment (Case 26CR762-RSH) against Thet Min Nyi and a fugitive co-conspirator on wire fraud conspiracy and money laundering conspiracy charges related to Ko Thet Company.
DOJ Office of Public Affairs2026-03-16
Operation Atlantic launches — joint operation of U.S. Secret Service, UK NCA, Ontario Provincial Police, and Ontario Securities Commission — targeting approval phishing scams; 20,000+ compromised wallets identified, $12 million frozen, 120+ fraudulent domains disrupted.
CryptoTimes: 2026 Pig Butchering Reckoning2026-04-01
Criminal complaints (Cases 26MJ2335-AHG and 26MJ2437-AHG) filed in the Southern District of California charging Wiliang Awang, Andreas Chandra, Lisa Mariam, and a fugitive co-conspirator with wire fraud conspiracy related to Sanduo Group and Giant Company.
DOJ Office of Public Affairs2026-04-23
DOJ Scam Center Strike Force charges Chinese nationals Huang Xingshan and Jiang Wen Jie for operating the Shunda compound in Min Let Pan, Burma; $701,962,392.15 in cryptocurrency restrained; 503 fraudulent investment domains seized.
DOJ: Scam Center Strike Force Major Actions2026-04-29
DOJ announces coordinated international takedown: at least 276 arrests (275 by Dubai Police, 1 by Royal Thai Police); nine scam centers dismantled; federal charges against Thet Min Nyi, Wiliang Awang, Andreas Chandra, Lisa Mariam unsealed in San Diego; FBI Operation Level Up has by this date notified 8,935 victims and prevented approximately $562 million in losses.
DOJ Office of Public Affairs2026-06-26
Federal prosecutors in Alabama file civil forfeiture complaint to permanently keep $222,000+ in USDT seized from a separate pig-butchering scheme targeting a retired Florence, Alabama man who lost his life savings.
WAFF NewsDecision Log
- hash: 34vq3h7pGDjBwQnNXCRqpmf3JC58FkybzxGDGgyRgzrX
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-code-investigator
generated: 6/30/2026, 5:05:05 PM
last updated: 6/30/2026, 5:05:16 PM
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