INTERPOL and AFRIPOL Bust $562M Crypto Ponzi Network in Nigeria, 16 Other Countries
INTERPOL and AFRIPOL conducted a global crackdown on a massive cryptocurrency-based Ponzi scheme defrauding investors across 17 countries, with Nigeria at the center. The operation, codenamed "Catalyst," resulted in 83 arrests in Nigeria, Kenya, Angola, and Cameroon, uncovering illicit funds worth $260 million.
Notably, 11 terrorism suspects, including senior extremist group members, were apprehended. The scheme involved using a global crypto platform to fund terrorist activities.
The effort was hailed as a significant step in combating financial crimes, cybercrime, and terrorism through cross-border intelligence sharing.
Plus234Feed summary based on reporting from News Online Nigeria. Read the original report below.
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