TRM Labs reports that crypto-enabled fraud resulted in an estimated $35 billion in global losses in 2025, with over $100 million affecting New Yorkers. The actual figure may exceed $200 billion due to underreporting. Criminals use advanced tactics like social engineering and AI, moving funds rapidly across wallets and chains, making recovery difficult. The report emphasizes the need for better law enforcement training, advanced blockchain and AI tools, and modernized regulations like the RIP OFF Act to combat increasingly sophisticated crypto crime networks.

# RIP OFF Act Related Articles

TRM Labs Reports $35B Lost to Crypto Scams Worldwide in 2025

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