Interpol has officially recognized cryptocurrency-related fraud as a significant component of a global fraud industry, elevating it to a transnational criminal threat. This decision was made during Interpol's general assembly in Marrakech, highlighting the need for enhanced international cooperation among law enforcement agencies to tackle these sophisticated criminal networks. These networks, which exploit human trafficking, online fraud, and forced labor, have victimized individuals in over sixty countries. They often lure victims with false promises of lucrative overseas jobs, subsequently forcing them into illegal activities such as voice phishing, romance scams, investment fraud, and cryptocurrency scams. The fraud model, initially prominent in Southeast Asia, has expanded to regions including Russia, Colombia, East Africa, and parts of the UK. In response, the U.S. Treasury has cut financial ties with entities like Cambodia's Huawang Group, accused of laundering billions for fraud. Additionally, the U.S. Department of Justice has formed a special task force to combat these crimes, marking a new phase in global law enforcement efforts against cryptocurrency fraud.