Big Take: Crypto Scams Start With a Fake Text Message

Bloomberg Television published this video item, entitled “Big Take: Crypto Scams Start With a Fake Text Message” – below is their description.

As part of his forthcoming book, “Number Go Up: Inside Crypto’s Wild Rise and Staggering Fall,” Bloomberg’s Zeke Faux uncovers a crypto-powered human-trafficking ring in Cambodia.

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In This Story: Cambodia

Cambodia, officially the Kingdom of Cambodia, is a country located in the southern portion of the Indochina peninsula in Southeast Asia. It is 181,035 square kilometres (69,898 square miles) in area, bordered by Thailand to the northwest, Laos to the northeast, Vietnam to the east and the Gulf of Thailand to the southwest.

The sovereign state of Cambodia has a population of over 15 million. Buddhism is enshrined in the constitution as the official state religion, and is practised by more than 97% of the population. Cambodia’s minority groups include Vietnamese, Chinese, Chams and 30 hill tribes.

The capital and largest city is Phnom Penh. The kingdom is an elective constitutional monarchy with a monarch chosen by the Royal Council of the Throne as head of state. The head of government is the Prime Minister.

Cambodia gained independence from France in 1953. The United Nations designates Cambodia as a least developed country.

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