Interpol | Crypto

Authorities across Africa arrested more than 1,200 suspects and seized nearly $100 million in a sweeping cybercrime operation that dismantled online fraud networks and illegal crypto mining operations, INTERPOL announced on Aug. 22. The three-month crackdown, known as Operation Serengeti 2.0, targeted nearly 88,000 victims across 18 African nations in collaboration with the UK. Investigators […] The post Interpol arrests 1,200 people, seizes over $100M in crypto busts across multiple African countries appeared first on CryptoSlate.

A mining ban went into effect in the African nation in April 2024, followed by Chinese officials warning residents not to “support or engage in virtual currency mining activities.” The International Criminal Police Organization, or Interpol, announced more than a thousand arrests and the seizure of about $100 million as part of a crackdown that included cryptocurrency miners and fraudsters. In a Friday notice, Interpol said it had coordinated with authorities in Angola to dismantle 25 crypto mining centers being illegally run by 60 Chinese nationals. The organization said it had seized equipment worth more than $37 million, which the Angolan government plans to distribute to “vulnerable areas.”  Read more