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Ko Thet Company / Sanduo Group / Giant Company Pig-Butchering Network

avoid.net/ko-thet-company-sanduo-group-giant-company-pig-butchering-network→0/100·97% conf.
[AI-DRAFTED · AWAITING VERIFICATION]

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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

10 entities · 60 linked investigations
Organizations
□Huione Group2□Ko Thet Company / Sanduo Group / Giant Company Pig-Butchering Network□FBI Operation Level Up — Crypto Fraud Victim Alert Program□Jiang Wen Jie0□Ko Thet Company / Sanduo Group / Giant Company0□Huang Xingshan2□Sanduo Group / Giant Company0□Meta Platforms□DOJ Global Pig Butchering Takedown — Ko Thet / Sanduo / Giant Company0
Tokens
Relationships
  • Ko Thet Company / Sanduo Group / Giant Company→mentioned with→Ko Thet Company / Sanduo Group / Giant Company Pig-Butchering Network(85%)
  • Ko Thet Company / Sanduo Group / Giant Company Pig-Butchering Network→mentioned with→DOJ Global Pig Butchering Takedown — Ko Thet / Sanduo / Giant Company(80%)
  • Ko Thet Company / Sanduo Group / Giant Company→mentioned with→DOJ Global Pig Butchering Takedown — Ko Thet / Sanduo / Giant Company(75%)
  • Ko Thet Company / Sanduo Group / Giant Company Pig-Butchering Network→mentioned with→Ko Thet Company / Sanduo Group / Giant Company(85%)
  • DOJ Global Pig Butchering Takedown — Ko Thet / Sanduo / Giant Company→mentioned with→Jiang Wen Jie(80%)
  • DOJ Global Pig Butchering Takedown — Ko Thet / Sanduo / Giant Company→mentioned with→Sanduo Group / Giant Company(80%)
  • DOJ Global Pig Butchering Takedown — Ko Thet / Sanduo / Giant Company→mentioned with→Huang Xingshan(80%)
  • DOJ Global Pig Butchering Takedown — Ko Thet / Sanduo / Giant Company→mentioned with→FBI Operation Level Up — Crypto Fraud Victim Alert Program(80%)
  • Ko Thet Company / Sanduo Group / Giant Company→mentioned with→Huang Xingshan(80%)
  • Ko Thet Company / Sanduo Group / Giant Company Pig-Butchering Network→mentioned with→FBI Operation Level Up — Crypto Fraud Victim Alert Program(80%)
  • + 15 more

Connected Through

10 shared actors · 265 investigations

Distinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.

Have evidence about Ko Thet Company / Sanduo Group / Giant Company Pig-Butchering Network?

Timeline(12 events)

2024

FBI launches Operation Level Up, a proactive initiative to identify active pig-butchering victims and contact them before additional losses occur.

FBI Official Page

2025

Investigation into Ko Thet Company, Sanduo Group, and Giant Company networks begins, per DOJ charging documents.

DOJ Office of Public Affairs

May 2025

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 Force

12 November 2025

DOJ formally establishes the Scam Center Strike Force, a multi-agency initiative targeting Southeast Asian pig-butchering networks.

TRM Labs: Scam Center Strike Force

November 2025

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 Treasury

November 2025

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 Actions

March 2026

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 Affairs

16 March 2026

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 Reckoning

April 2026

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 Affairs

23 April 2026

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 Actions

29 April 2026

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 Affairs

26 June 2026

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 News
Provenance & Audit Trail

Decision Log

This investigation is cryptographically anchored to the Solana blockchain (1 event). 18 of 18 cited source URLs have an Internet Archive snapshot.

model: claude-code-investigator

generated: 6/30/2026, 5:05:05 PM

last updated: 7/27/2026, 6:38:44 AM

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