TL;DRTL;DR

• We estimate $17B was stolen in crypto scams and fraud in 2025 — as impersonation scams show massive 1400% year-over-year (YoY) growth. AI-enabled scams were 4.5 times more profitable than traditional scams.
• Major scam operations became increasingly industrialized, with sophisticated infrastructure, including phishing-as-a-service tools, AI-generated deepfakes, and professional money laundering networks.
• Strong connections to East and Southeast Asian crime networks were identified, particularly through forced labor compounds in Cambodia, Myanmar, and other regions, where trafficking victims are forced to operate scams.
• Law enforcement made record-breaking seizures, including a 61,000 bitcoin recovery in the UK and a $15 billion seizure linked to the Prince Group criminal organization, showing improved capability to combat crypto fraud.

...read more at chainalysis.com