Citing TechFlow, a recent report by independent investigator ZachXBT reveals that crypto fraud is a global issue, not confined to specific regions. Between 2022 and 2025, ZachXBT documented 118 verified cases of financial fraud, including NFT scams and cross-chain money laundering. The data shows that fraudsters operate across continents, from Silicon Valley influencers to Telegram groups in Mumbai and pump-and-dump schemes in Istanbul. Despite common stereotypes, the report highlights that Nigeria and India are not the top sources of high-value theft or fastest-growing fraud regions. Instead, the highest average losses per victim were recorded in the UAE and the U.S., while the fastest-growing fraud hotspots are in Eastern Europe and the Middle East. The report calls for a shift from national bias to transparency and accountability in the crypto space.
Crypto Fraud is Global, Not Regional, Data Reveals
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