FinCEN said it identified about $12.7 billion in crypto transactions linked to suspected overseas scam centers, based on an analysis of more than 33,000 reports filed between September 2023 and December 2025.
The scams included pig-butchering schemes, romance scams and fake crypto investment schemes, where victims were lured with promises of unusually high returns.
FinCEN said many of the operations were run by transnational criminal organizations based in scam compounds across Southeast Asia.
Authorities in the region have been moving to tighten enforcement. Myanmar approved legislation in July that can impose life imprisonment in cases involving violence, torture or forced participation in scam operations, while Cambodian lawmakers have also proposed tougher penalties for scam-center operators.
The scams included pig-butchering schemes, romance scams and fake crypto investment schemes, where victims were lured with promises of unusually high returns.
FinCEN said many of the operations were run by transnational criminal organizations based in scam compounds across Southeast Asia.
Authorities in the region have been moving to tighten enforcement. Myanmar approved legislation in July that can impose life imprisonment in cases involving violence, torture or forced participation in scam operations, while Cambodian lawmakers have also proposed tougher penalties for scam-center operators.