US and UK join forces to crack down on West African scam networks, with Binance and Coinbase assisting in fund tracing
19/10/2026, 04.20.02
Bollcoin reported on October 18, citing CoinDesk, that according to an announcement by the U.S. Department of Justice, law enforcement authorities in Ghana and Nigeria arrested 28 people in a joint operation targeting a West African scam network, involving criminal activities such as cryptocurrency investment fraud. The operation was led by the UK's National Crime Agency (NCA), with participation from Binance, Coinbase, and blockchain analytics firms Chainalysis, Elliptic, and TRM Labs. Coinbase said it assisted in tracing illicit funds, supported asset freezes, and provided intelligence to investigators, identifying more than 65 victims still being scammed and helping prevent over $415,000 in potential losses. During the operation, Ghanaian police arrested 19 people and seized 303 electronic devices, while another 9 people were arrested in Nigeria.