The United Nations Office on Drugs and Crime (UNODC) has highlighted the alarming scale of cryptocurrency scams in Southeast Asia, estimating potential losses between $88.3 billion and $114.1 billion in 2025. This figure rivals the GDP of several countries in the region. The report describes the scam industry as a unified criminal economy, with most fraudulent activities occurring in large-scale crime compounds.
The UNODC has called for enhanced police training in Southeast Asia to effectively trace and seize illicit cryptocurrency proceeds. The agency also noted that current disruption-focused strategies are insufficient in combating these sophisticated scams.
UN Report Warns Southeast Asian Crypto Scam Losses Could Top $100 Billion
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