Regulation· ★★★· bearish·

FinCEN flags 33,904 crypto fraud filings tied to $12.7 billion

  • —33,904 BSA filings cover about $12.7 billion in reported activity
  • —The sum includes attempts, repeats and lawful activity near suspicious events
  • —Filings are investigative leads, not evidence or convictions
  • —Scam-center schemes span phishing, payment processing and laundering
Why it matters: The data underscore the scale of crypto fraud risk, but are not equivalent to losses — key for assessing reputational and regulatory exposure.
Source: CryptoTicker
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