The U.S. Treasury Department warned Southeast Asia about digital asset fraud

The Financial Crimes Enforcement Network of the United States Department of the Treasury (FinCEN) issued a warning that the Digital Asset Fraud Centre operated by the South East Asian Transnational Crime Organization continued to target United States citizens for fraud. Professional money launderers use DEFI to convert the proceeds of fraud from USDT to TRON and to conceal the source of funds through blenders, wallets and cross-chain transfers, which are subsequently converted into legal currency through an offshore exchange or money-transfer network and incorporated into the traditional financial system. The losses suffered by victims of digital asset fraud in the United States rose from $907 million in 2021 to $7.2 billion in 2025, requiring financial institutions to enhance monitoring and reporting of related suspicious transactions。