Interpol has uncovered a staggering $110 billion in cryptocurrency fraud linked to transnational scam centers. These centers are implicated in human trafficking, fraud, and abuse, often deceiving individuals with fake job offers. Interpol has urged for global cooperation, including real-time intelligence sharing and multinational operations, to dismantle these networks.
In 2024, Interpol executed one of its largest operations across 116 countries, leading to over 2,500 arrests. Additionally, the U.S. Treasury has sanctioned 19 entities in Myanmar and Cambodia for defrauding Americans. A Cambodian financial group reportedly processed over $110 billion in fraudulent crypto transactions as of July 2024.
Interpol Uncovers $110 Billion Crypto Fraud by Transnational Scam Centers
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