A recent investigation by the New York Times has uncovered a major money laundering network linked to Cambodia's Huione Group, which facilitates online scams using cryptocurrency and platforms like Telegram. The report highlights the alarming rise of financial scams globally, with an estimated $1 trillion lost to fraud in 2023. Victims include individuals like a retiree in Hong Kong who lost his life savings to a crypto scam. The investigation details how scammers operate and the complex money-laundering strategies that allow them to evade detection. These operations are reportedly so efficient that when governments attempt to shut them down, they quickly resurface in different locations. The report also reveals that launderers can charge up to 60% to clean money in certain regions, illustrating the high costs associated with these illicit activities. The findings underscore the need for more stringent regulations and better protective measures for potential victims of such scams.