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Benzinga
Benzinga
Business
Murtuza J Merchant

The $40 Billion Scam Industry: MEXC Executive Warns of 'Industrialized' Criminal Networks

Coins,,Cryptocurrency,And,Online,Trading,Statistics,,Value,And,International,Commerce

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.

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