The $40 Billion Scam Industry: MEXC Executive Warns of ‘Industrialized’ Criminal Networks
Posted On September 4, 2025
Organized crime networks generating billions of dollars annually through scams continue to exploit fragmented financial oversight, according to MEXC Chief Operating Officer Tracy Jin.
“The scam industry has become industrialized: hundreds of compounds in Southeast Asia, forced labor, and now exported to Latin America and Africa,” Jin said.
She pointed to three systemic gaps enabling the scale of these operations, fragmented oversight between jurisdictions, rapid onboarding to digital payments and crypto without harmonized standards, and professionalized use of …
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