A global scam industry known as "Scam Inc" steals over $500 billion annually, with the most profitable method being cryptocurrency scams, which are astonishingly costly. Victims, including a man from Minnesota who lost $9.2 million, are manipulated through social media by workers trafficked illegally from Myanmar and Cambodia. It is estimated that this industry employs 1.5 million people worldwide, who use cryptocurrencies and artificial intelligence tools (such as voice cloning) to carry out deepfake scams, thereby evading law enforcement agencies across Southeast Asia.
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A global scam industry known as "Scam Inc" steals over $500 billion annually, with the most profitable method being cryptocurrency scams, which are astonishingly costly. Victims, including a man from Minnesota who lost $9.2 million, are manipulated through social media by workers trafficked illegally from Myanmar and Cambodia. It is estimated that this industry employs 1.5 million people worldwide, who use cryptocurrencies and artificial intelligence tools (such as voice cloning) to carry out deepfake scams, thereby evading law enforcement agencies across Southeast Asia.