The cryptocurrency sector in Asia faces increasing cybercrime threats that require the development of new counter-strategies. This article examines the core issues and directions for addressing these challenges.
The Fraud Problem in Asia
In the first half of 2025, Asia's cryptocurrency sector lost over $1.5 billion due to fraudulent activities, including schemes involving Bybit. Existing monitoring tools primarily target Western money laundering methods, creating gaps in risk management in Asia.
The Need for Local Expertise
Effective crime monitoring in the APAC region requires jurisdiction-level expertise. Adapting analytics to local conditions can aid in combating new fraud schemes and gathering current information on potential threats.
Cooperation Strategies with Law Enforcement
Partnerships between private analytics firms and law enforcement can significantly enhance the effectiveness of fighting financial crimes. Such collaborations allow for quicker responses in cases of fraud, protecting consumers from potential losses.
The situation in Asia's cryptocurrency market necessitates urgent measures to tackle emerging cybercrime issues. Effective collaboration and localized approaches could be key to rebuilding trust and ensuring sustainable sector growth.
