The US Treasury Department has imposed sanctions on Cambodian tycoon Ly Yong Phat and his businesses, including the LYP Group and several properties, including the O-Smach resort. These sanctions were imposed due to allegations of widespread human rights abuses, including the forced labor of trafficked workers in online scam centers that primarily operate in cryptocurrency fraud. The sanctions freeze assets held in the United States and prohibit transactions, aiming to hold perpetrators accountable for these abuses. (Bitcoin.com)