The 2024 Asia Scam Report surveyed nearly 25,000 participants across 13 Asia markets
Upcoming Global Anti-Scam Summit – Asia is taken place in Singapore Oct 21-22
SINGAPORE , Oct. 16, 2024 /PRNewswire/ -- As scams continue to escalate across Asia, the Global Anti-Scam Alliance (GASA) and ScamAdviser jointly announce the release of the Asia Scam Report before the Global Anti-Scam Summit – Asia in Singapore on October 21-22. This comprehensive report provides critical insights into the evolving landscape of digital scams across the region, offering actionable data for governments, businesses, and individuals.
"As scammers become more sophisticated, leveraging AI to scale their attacks, our defense strategies must advance rapidly." said Jorij Abraham, Managing Director of GASA. "The Asia Scam Report sheds light on the alarming rise of scams across the region. We are honored to collaborate with industry partners to strengthen our collective efforts in protecting citizens and businesses throughout Asia."
The 2024 Asia Scam Report, conducted by the Global Anti-Scam Alliance (GASA) and ScamAdviser surveyed nearly 25,000 participants across 13 areas including China, Hong Kong, India, Indonesia, Japan, Malaysian, Pakistan, Philippines, Singapore, South Korea, Taiwan, Thailand and Vietnam. The findings provide an in-depth look at scam threats, the methods employed by scammers, and the responses from citizens across the region.
The Asia Scam Report reveals key findings, including:
- Scam-related losses are estimated to reach US$688.42 billion across 13 Asian markets, underscoring the urgent need for stronger scam prevention strategies.
- The most prominent channels used for scams in Asia are, in order: Text/SMS, Phone calls, Chat Apps, Social Media, and Email.
- Nearly half of Asians believe online platforms should be held accountable for their losses, while Singaporeans tend to place the most blame on banks and payment providers.
- 1 in 4 scams are completed in just minutes, and only 8% of scam cases span over a year, reflecting the efficiency and speed of these operations.
- Identity theft is the most common scam in China, Japan, Singapore, Taiwan, Thailand, and Vietnam. In Malaysia, Indonesia, and Pakistan, investment scams dominate, while shopping scams are most prevalent in India and the Philippines.
- In most markets, expectation is that online platforms and website providers should be responsible for refund the loss of scams.
Join the Global Anti-Scam Asia Summit – Asia
The findings of the Asia Scam Report will be further discussed at the upcoming Global Anti-Scam Summit ï¼Asia, where experts from across the globe will share their insights on combating the growing scam. Besides ScamAdviser, attendees will have the opportunity to engage with thought leaders, including representatives from Amazon, Mastercard, Gogolook, Google, and Meta, as well as officials from law enforcement, financial authorities, and non-profit organizations.
For more information on Global Anti-Scam Summit – Asia, please visit the official website: https://www.gasa.org/gass-2024-asia
To download the 2024 Asia Scam Report, please visit: https://www.gasa.org/research
About GASA
The Global Anti Scam Alliance's (GASA) mission is to protect consumers worldwide from scams by raising awareness, enabling hands-on tools, facilitating knowledge sharing, organizing research, and offering training and education.
For more information, please refer to: https://www.gasa.org/
About ScamAdviser
ScamAdviser, a leading brand in global enterprise scam prevention solutions, based in Amsterdam, Netherlands. Leveraging AI and a comprehensive database network, ScamAdviser has developed its own website risk rating technology. Its Anti-Scam Intelligence is built on the world's most comprehensive digital anti-scam database.
ScamAdviser excels in implementing customized anti-scam technologies into corporate operations, helping clients protect consumers and stay ahead of global compliance trends. As a founding member of the Global Anti-Scam Alliance, ScamAdviser's partners and clients span Europe, the Americas, and Asia, covering both public and private sectors. With the world's largest scam database, we share insights with 400+ partners, collectively protecting more than 1 billion consumers worldwide.
For more information, please refer to: https://www.scamadviser.com
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
GASA and ScamAdviser Reveal Potential $688 billion loss to scams in Asia
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VICTORIA, Seychelles, Jan. 15, 2026 /PRNewswire/ -- MEXC, the fastest-growing global cryptocurrency exchange, redefining a user-first approach to digital assets through true, zero-fee trading today released its 2025 Annual Report. The document outlines a year of intentional transformation, where MEXC evolved from a high-volume platform into a guardian of market integrity, anchored by its foundational commitment to zero-fee trading.
Against a backdrop of industry volatility and heightened security threats, MEXC delivered robust growth in 2025, with futures and spot trading volumes each surging over 130% year-over-year. The exchange served 40 million users and listed 2,287 high-potential projects through its disciplined, list-first approach, distributing over $42.6 million in user rewards.
This performance was powered by MEXC's foundational zero-fee trading strategy, which enabled users to save 1.1 billion USDT in trading fees — an average saving of 320 USDT per user across more than 3,000 spot and futures trading pairs.
In parallel, MEXC engineered a new standard of verifiable trust, introducing monthly Proof of Reserves audits by Hacken, a $100 million Guardian Fund for user protection, and independent third-party oversight of risk controls.
"MEXC has lowered trading barriers through its 0 fee strategy, delivering a measurable impact of more than one billion dollars in improved capital efficiency for our users," said Vugar Usi, Chief Operating Officer of MEXC. "This is not a promotion. It is the foundation of how we operate. In 2026, we will extend this approach beyond crypto as we move into tokenized equities, commodities, and real-world assets."
This strategic expansion is supported by the launch of the MEXC Fund, a $30 million ecosystem investment initiative, and the reinforcement of zero-fee trading as a permanent structural commitment across an expanding multi-asset platform.
MEXC is moving beyond the traditional exchange model to become a seamless gateway to the tokenized future — where markets are accessed with transparency, efficiency, and unwavering trust.
The full 2025 Annual Report is available here.
To see the key moments that defined this record year in action, watch the MEXC 2025 Recap Video here.
About MEXC
Founded in 2018, MEXC is committed to being "Your Easiest Way to Crypto." Serving over 40 million users across 170+ countries and regions, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
MEXC Official Website | X | Telegram | How to Sign Up on MEXC
VICTORIA, Seychelles, Jan. 15, 2026 /PRNewswire/ -- MEXC, the fastest-growing global cryptocurrency exchange, redefining a user-first approach to digital assets through true, zero-fee trading today released its 2025 Annual Report. The document outlines a year of intentional transformation, where MEXC evolved from a high-volume platform into a guardian of market integrity, anchored by its foundational commitment to zero-fee trading.
Against a backdrop of industry volatility and heightened security threats, MEXC delivered robust growth in 2025, with futures and spot trading volumes each surging over 130% year-over-year. The exchange served 40 million users and listed 2,287 high-potential projects through its disciplined, list-first approach, distributing over $42.6 million in user rewards.
This performance was powered by MEXC's foundational zero-fee trading strategy, which enabled users to save 1.1 billion USDT in trading fees — an average saving of 320 USDT per user across more than 3,000 spot and futures trading pairs.
In parallel, MEXC engineered a new standard of verifiable trust, introducing monthly Proof of Reserves audits by Hacken, a $100 million Guardian Fund for user protection, and independent third-party oversight of risk controls.
"MEXC has lowered trading barriers through its 0 fee strategy, delivering a measurable impact of more than one billion dollars in improved capital efficiency for our users," said Vugar Usi, Chief Operating Officer of MEXC. "This is not a promotion. It is the foundation of how we operate. In 2026, we will extend this approach beyond crypto as we move into tokenized equities, commodities, and real-world assets."
This strategic expansion is supported by the launch of the MEXC Fund, a $30 million ecosystem investment initiative, and the reinforcement of zero-fee trading as a permanent structural commitment across an expanding multi-asset platform.
MEXC is moving beyond the traditional exchange model to become a seamless gateway to the tokenized future — where markets are accessed with transparency, efficiency, and unwavering trust.
The full 2025 Annual Report is available here.
To see the key moments that defined this record year in action, watch the MEXC 2025 Recap Video here.
About MEXC
Founded in 2018, MEXC is committed to being "Your Easiest Way to Crypto." Serving over 40 million users across 170+ countries and regions, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
MEXC Official Website | X | Telegram | How to Sign Up on MEXC
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
MEXC 2025 Growth Exceeds 130%, Anchored by $1B+ in User Savings from Zero-Fee Trading
