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Treasury Flags Nearly $13 Billion Tied to Overseas Crypto Scams

Key Takeaways FinCEN analyzed 33,904 reports tied to $12.7 billion in suspected activity. Suspected scam activity affected people across every U.S. state. Criminal networks used stablecoins, shell companies, and money mules. FinCEN Analysis Tracks $12.7 Billion in Suspected Activity The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) identified approximately $12.7 billion in financial activity tied…

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