🚨 FinCEN Detects $12.7 Billion Linked to Crypto Trust Scams FinCEN identified $12.7 billion in suspicious financial activity tied to foreign “pig butchering” networks between September 2023 and late 2025. The analysis covered 33,904 reports submitted by approximately 1,300 financial institutions. Ethereum:native, USDT, and USDC frequently appear in the reports. Important: The $12.7 billion represents suspicious activity reported to FinCEN, not confirmed losses by victims.
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