Crypto exchanges Binance, Coinbase join West Africa scam sweep that flagged $11 million
Authorities in Ghana and Nigeria arrested 28 people in a joint crackdown on West African scam networks, including cryptocurrency investment fraud. The operation identified 117 trafficking victims in Ghana awaiting repatriation to Nigeria, while private companies flagged more than $11 million for possible freezing; this was not confirmed recovery. Crypto exchanges and analytics firms helped trace funds, identify victims and provide leads. Coinbase said it identified more than 65 active scam victims and prevented over $415,000 in potential losses. Ghanaian authorities seized 303 electronic devices, and Meta removed more than 3.7 million accounts, pages and groups linked to scams. Partners also reported crypto seizures but did not disclose their value.
