A report by independent investigator ZachXBT highlights the global nature of crypto fraud, documenting 118 cases of financial scams from 2022 to 2025. The study reveals that fraudsters operate worldwide, with significant activities in Silicon Valley, Mumbai, and Istanbul. Contrary to stereotypes, Nigeria and India are not the leading sources of high-value theft. Instead, the UAE and the U.S. record the highest average losses per victim, while Eastern Europe and the Middle East emerge as the fastest-growing fraud hotspots. The report urges a focus on transparency and accountability in combating crypto fraud.