SE Asian Cybercriminal Syndicates Become a Global Power

**Executive summary:** The UNODC assessment describes a globalized, franchise-style organized-crime ecosystem centered in Southeast Asia that conducts large-scale pig-butchering and related scams—exploiting AI/deepfakes, Telegram, TRON/USDT stablecoins, and satellite internet—causing tens of billions in annual losses, sustaining extensive money-laundering infrastructure (e.g., Huione), and expanding geographically despite multinational law-enforcement actions.