According to various reports, online fraud has escalated to become one of the largest illicit industries globally, with annual proceeds estimated at over $500 billion. The UN Human Rights Office highlighted that hundreds of thousands of individuals are trafficked into online criminality each year in South-East Asia, with scams ranging from romance and investment fraud to cryptocurrency scams. In Brazil, a report from OLX indicated that online purchase frauds resulted in losses of R$ 3.5 billion, with the most common scams being false payments (46%), account invasions (28%), false advertisements (15%), and data collection (10%). Additionally, research by Merkle Science revealed that more than $500 million was lost to memecoin rug pulls and scams in 2024. A Bloomberg investigation estimated that global losses to fraud reached $1 trillion in 2023, shedding light on the operations of sophisticated scam networks, particularly in Dubai. As street crimes decline, virtual scams are increasingly becoming the preferred method for criminals, characterized by their low risk and high profitability.