
Research and media reports indicate that these online scams are primarily owned and operated by criminal networks based in China.
While Chinese criminals are not behind all global fraud, they may be responsible for some of the worst financial losses, affecting millions of people around the world.
2021 , the FBI's Internet Crime Complaint Center (IC3) received 847,376 reports of losses, amounting to $ 6.9 billion in the United States alone . According to the Global Anti-Scam Alliance (GASA) 's 2024 Asia Scam Report, #Asia reported fraud losses of approximately $ 688.42 billion .