Interpol reports significant successes in combating cybercrime in Africa, resulting in over 1200 arrests and the seizure of nearly $100 million.
Scope of Interpol's Operation
The International Criminal Police Organization (Interpol) announced over 1200 arrests and the seizure of around $100 million as part of an operation against cryptocurrency fraud. The operation was conducted in collaboration with authorities from various African countries.
Details of Equipment Seizure in Angola
In Angola, 25 cryptocurrency mining centers illegally operated by 60 Chinese nationals were shut down. Interpol reported that equipment worth over $37 million was seized and will be distributed to vulnerable areas.
Laws Against Cryptocurrency Mining
Angola faced issues with power distribution, leading to a ban on cryptocurrency mining that took effect in April 2024. The new law penalizes illegal mining with imprisonment for up to five years.
Interpol's operation and the related arrests highlight the growing issues of cybercrime and the misuse of resources in Africa. The mining ban in Angola reflects the government's efforts to address energy security concerns.
