Sentiment: Negative
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FinCEN Links $12.7 Billion in Crypto Scams to Southeast Asia Criminal Networks
By Trader Edge at 2026-09-05 04:08
Sentiment: Negative
TLDR FinCEN reviewed 33,904 reports filed between September 2023 and December 2025, identifying $12.7 billion in suspicious crypto transactions Money services businesses (mostly crypto firms) filed 55% of reports flagging $5.5 billion; banks reported $6.4 billion Scammers converted funds almost exclusively into USDT before moving them through DeFi protocols or overseas exchanges Older Americans appeared [...] The post FinCEN Links $12.7 Billion in Crypto Scams to Southeast Asia Criminal Networks appeared first on CoinCentral. Continue reading...
Categories: Bitcoin
Tags: #Bitcoin #News
Source Coin Central