Binance And Coinbase Join West Africa Scam Crackdown As 28 Arrested
An international operation targeting West African online scam networks led to 28 arrests in Ghana and Nigeria. Ghanaian authorities arrested 19 people near Accra and seized 303 devices; Nigerian authorities reported nine arrests. Investigators also identified 117 trafficking victims in Ghana. Binance, Coinbase and other companies shared intelligence or helped disrupt scam infrastructure, contributing to the removal of more than 3.7 million accounts, pages and groups. Partners identified over $11 million in funds that might be frozen, but authorities did not report that the money had been seized or returned to victims. The operation targeted investment fraud, impersonation and other schemes; participation by crypto firms does not establish that every suspect used cryptocurrency.
