FinCEN: suspicious crypto transactions tied to scam centers reach $12.7 billion
- —33,904 suspicious activity reports from September 2023 to end of 2025
- —Transactions in reports total about $12.7 billion, not confirmed losses
- —A new key code FIN-2026-SCAMCENTERS for scam centers was introduced
- —FinCEN asks for chats, phone numbers, wallets, transaction hashes, and URLs
Why it matters: Stronger reporting and data sharing between banks and exchanges will make it harder for scam networks to cash out and increase compliance burdens on crypto services.
Source: Digital Today