As part of Operation Serengeti 2.0, Interpol has succeeded in arresting over 1,200 suspects involved in cybercrime and has seized nearly $100 million linked to crypto fraud in various African countries.
Key Outcomes of the Operation
The operation resulted in over 1,200 arrests and the seizure of nearly $100 million related to cybercrimes in countries such as Angola and Zambia. The main focus was on fraudulent schemes, illegal mining, and money laundering.
Collaboration with African Countries
The operation was led by Interpol in collaboration with 18 African countries and the UK. National law enforcement agencies from Angola, Zambia, and Ghana played a significant role. Private sector partners like TRM Labs provided crucial technical support.
Negative Implications for Local Markets
The arrest of 60 Chinese nationals in Angola highlights international involvement in illegal mining operations. The operation led to the closure of 25 cryptocurrency mining centers and the seizure of equipment valued at over $37 million, which will now be used to support power distribution in vulnerable areas.
Operation Serengeti 2.0 underscores a global coordination effort to combat crimes in cryptocurrency markets, potentially influencing the regulatory landscape of the industry in Africa.
