FinCEN Reports $13 Billion in Crypto Scams Linked to Overseas Operations
- FinCEN identified $12.7 billion in crypto transactions from overseas scam centers.
- The report analyzed over 33,000 reports of suspected scams from September 2023 to December 2025.
- Scams included pig butchering, romance scams, and “cryptocurrency confidence schemes.”
- Transnational criminal organizations in Southeast Asia were primarily responsible for these scams.
- Legislative measures are being proposed in Myanmar and Cambodia to combat these operations.
Digital asset investment scams have become a major fraud threat in the U.S., prompting actions from lawmakers in affected countries to address the issue of scam centers operating abroad.
The report highlights that nearly $13 billion linked to crypto scams underscores the scale of this growing problem, with significant involvement from overseas entities.(Source)
