The Financial Crimes Enforcement Network (FinCEN) has disclosed that approximately $12.7 billion is linked to fraudulent cryptocurrency investment schemes run by overseas scam networks. This figure comes from an analysis of 33,904 suspicious activity reports submitted between September 8, 2023, and December 31, 2025. FinCEN highlighted that a significant portion of these scams are operated by criminal groups based in Southeast Asia, which utilize money mule networks and stablecoin transactions to launder their profits through international exchanges.