UNODC report estimates Southeast Asian scam networks caused up to $114.1 billion in losses in 2025, with USDT playing a key role in money

The losses from online scams, mostly investment fraud, are at least triple that from 2023, reflecting a ‘dramatic scaling’, the report says.

Networks that once operated within specific territories or illicit trades are increasingly expanding across multiple illegal markets while using shared services, said Delphine…