PANews reported on November 28th that, according to Decrypt, Interpol adopted a resolution at its general assembly in Marrakech this week, formally recognizing cryptocurrency-related fraud as a core part of a massive fraud industry and listing the network as a transnational criminal threat. Global law enforcement agencies are currently strengthening coordinated control over its financial flows. These criminal networks rely on human trafficking, online fraud, and forced labor to commit crimes, with victims from over sixty countries. Criminals often lure victims with promises of high-paying overseas jobs, forcing them into illegal locations and engaging in illicit activities such as voice phishing, romance scams, investment fraud, and cryptocurrency scams. Fraud rings recruit victims using fake job opportunities, transport them to illegal locations, and then force them to commit crimes. They utilize advanced technology to "deceive victims and cover up their criminal activities," and these transnational criminal networks are "highly adaptable." The fraud hub model initially attracted international attention in Southeast Asia and has now spread to parts of Russia, Colombia, East African coastal countries, and parts of the United Kingdom. In May, the U.S. Treasury severed financial ties with Cambodia's Huawang Group, accusing it of laundering $4 billion in money for fraud. This month, the U.S. Department of Justice, along with several other agencies, established a special task force to combat this, and Interpol's decision marks a new phase in global law enforcement cooperation.PANews reported on November 28th that, according to Decrypt, Interpol adopted a resolution at its general assembly in Marrakech this week, formally recognizing cryptocurrency-related fraud as a core part of a massive fraud industry and listing the network as a transnational criminal threat. Global law enforcement agencies are currently strengthening coordinated control over its financial flows. These criminal networks rely on human trafficking, online fraud, and forced labor to commit crimes, with victims from over sixty countries. Criminals often lure victims with promises of high-paying overseas jobs, forcing them into illegal locations and engaging in illicit activities such as voice phishing, romance scams, investment fraud, and cryptocurrency scams. Fraud rings recruit victims using fake job opportunities, transport them to illegal locations, and then force them to commit crimes. They utilize advanced technology to "deceive victims and cover up their criminal activities," and these transnational criminal networks are "highly adaptable." The fraud hub model initially attracted international attention in Southeast Asia and has now spread to parts of Russia, Colombia, East African coastal countries, and parts of the United Kingdom. In May, the U.S. Treasury severed financial ties with Cambodia's Huawang Group, accusing it of laundering $4 billion in money for fraud. This month, the U.S. Department of Justice, along with several other agencies, established a special task force to combat this, and Interpol's decision marks a new phase in global law enforcement cooperation.