Crypto-related fraud has caused an estimated €70 billion in global damages, with daily victims emerging in Germany. Investigative insights reveal sophisticated psychological tactics employed by fraudsters, often operating from weakly monitored locations, turning vulnerable individuals into ‘cyber slaves.’ These victims are manipulated to lure others into investing in fake cryptocurrency platforms. This ongoing crisis highlights issues of modern slavery in Southeast Asia, where many are deceived into fraudulent work. International cooperation is necessary for effective investigations, while U.S. authorities target key perpetrators within the network to combat this systemic issue.

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