$12.7 Billion in Crypto Scam Activity Linked to Foreign Scam Centers

Crypto scammers have been identified as responsible for $12.7 billion in suspected activity flagged by FinCEN, according to recent analysis.

Between September 8, 2023 and December 31, 2025, the U.S. Treasury’s Financial Crimes Enforcement Network reviewed 33,904 Bank Secrecy Act reports tied to this amount.

The scammers often use fake relationships to lure victims into investing in digital assets, promising large returns before disappearing with their funds.