Core Viewpoint - The rapid development of the telecom fraud industry in East and Southeast Asia is likened to the Industrial Revolution in 18th century Britain, significantly impacting and potentially overturning traditional underground societies in Asia [2][6]. Group 1: Historical Context - The traditional underground society in Asia has roots in secret societies from feudal times, evolving through various historical phases, including the establishment of the Hongmen [3][4]. - The transition from a feudal to a capitalist underground society marks a significant historical shift, with mainland Chinese individuals now playing a prominent role in global underground activities [4][6]. Group 2: Current Landscape of Underground Economy - The telecom fraud industry has grown to a scale where it constitutes over 30% of Cambodia's GDP, with global fraudsters stealing over $1.03 trillion in 2024 [7]. - Money laundering is estimated to account for 2% to 5% of global GDP, translating to approximately $800 billion to $2 trillion annually, highlighting the vast scale of the underground economy [7]. Group 3: Technological Impact - The rise of AI technology has revolutionized the fraud industry, exemplified by a significant case in Hong Kong where AI was used to impersonate a CFO, resulting in a loss of 200 million HKD [8][14]. - The telecom fraud industry is transitioning from labor-intensive to capital-intensive and technology-driven, making it easier to replicate and scale operations [14][15]. Group 4: Economic Integration - The underground economy is increasingly intertwined with legitimate sectors, as illicit gains are often reinvested into legal businesses, contributing to GDP statistics [13]. - The telecom fraud industry is characterized by a high degree of specialization and marketization, creating a complex ecosystem that is difficult to dismantle [12][15]. Group 5: Future Outlook - The telecom fraud industry is expected to continue its global expansion, driven by technological advancements and the increasing ease of entry into the market [15]. - The integration of traditional underground elements with modern capitalistic practices suggests a transformative phase for the industry, reshaping the power dynamics within global underground societies [15][16].