News about Binance

Authorities in Ghana and Nigeria arrested 28 people in a crackdown on West African scam networks, including cryptocurrency investment fraud, according to the U.S. Department of Justice. Private-sector partners flagged $11 million in funds that could be frozen, a figure not yet confirmed as recovered, while some crypto seizures were reported without values. Coinbase and Binance joined blockchain analytics firms Chainalysis, Elliptic and TRM Labs, and Coinbase said it prevented more than $415,000 in potential losses. Meta removed more than 3.7 million Facebook and Instagram accounts, pages and groups, and participants provided leads on more than 30 suspected scam centers. The operation, hosted by the UK's National Crime Agency, was the first joint effort focused on West Africa, and 117 trafficking victims in Ghana were awaiting repatriation to Nigeria.