Binance and Coinbase assist West Africa in anti fraud efforts, identifying $11 million in frozen funds

Ghanaian and Nigerian law enforcement agencies, led by the UK's National Crime Investigation Agency, arrested 28 people, with Binance, Coinbase, Chainalysis, Elliptic, and TRM Labs involved in the operation. The private sector has identified over $11 million in frozen funds. Coinbase assisted in tracking illegal funds and identifying 65 victims, helping to avoid losses exceeding $415000. Ghana police arrested 19 people and seized 303 electronic devices, Nigeria arrested 9 people, and participants provided more than 30 suspected fraud center clues. (Source: US Department of Justice)