FinCEN Reports $12.7B in Crypto Scam Activity from Southeast Asian Groups
U.S. Treasury's FinCEN attributes $12.7 billion in reported suspicious activity to Southeast Asian transnational crime groups running digital-asset investment scams.
FinCEN, the Financial Crimes Enforcement Network within the U.S. Treasury, stated that U.S. financial institutions reported roughly $12.7 billion in activity linked to suspected digital-asset investment scams.
The agency attributes these flows to transnational organized crime groups based in Southeast Asia. The figures come from its Financial Trend Analysis of Suspicious Activity Reports filed by banks and other institutions.
What remains unknown
The statement does not break out exact asset types, the precise reporting window covered by the analysis, or loss attribution to individual rings.