FinCEN identifies $12.7B linked to crypto scams.

The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has identified $12.7 billion associated with crypto investment scams operated by overseas fraud centers. This assessment is based on 33,904 suspicious activity reports from September 8, 2023, to December 31, 2025. According to the agency, most of these fraudulent schemes are organized by South Asian criminal groups that launder proceeds through professional mule…