A recent cybercrime operation in Zambia revealed a massive crypto fraud scheme that impacted tens of thousands of citizens. The operation, named Serengeti 2.0, marks a significant step towards ensuring the safety of digital investments in the region.
Details of the Operation
On August 22, Interpol reported on a sweeping multinational operation called Serengeti 2.0. Zambian authorities arrested 15 individuals linked to a sophisticated crypto investment scheme. The fraud deceived 65,000 victims, siphoning approximately $300 million. Authorities also seized crucial digital evidence, including control domains, mobile numbers, and bank accounts used to funnel illicit gains.
Parallel Actions in Angola
Simultaneously, Angola conducted an operation targeting illegal cryptocurrency mining. Authorities uncovered 25 illegal mining centers operated by 60 Chinese nationals. Additionally, 45 illicit power stations diverting electricity from the national grid were confiscated. The total value of the seized equipment exceeded $37 million.
Continental Fight Against Cybercrime
Operation Serengeti 2.0 resulted in the recovery of $97.4 million and the dismantling of 11,432 malicious infrastructures, showcasing its extensive impact. Interpol facilitated the sharing of intelligence with investigators from 18 African countries and the United Kingdom, including Zambia, Angola, Nigeria, and South Africa. These actions underscore the growth of international cooperation in combating cybercrime.
Operation Serengeti 2.0 and parallel actions in Angola highlight the determined approach of African nations towards tackling crypto fraud and cybercrime. Effective collaboration between states and law enforcement allows for the detection of violations and protects end users from fraudulent schemes.
