Zambia dismantled a cryptocurrency investment fraud scheme that victimized over 65,000 people, causing losses of about $300 million. This effort was part of Operation Serengeti 2.0, a multinational initiative coordinated by Interpol, involving 18 African countries and the UK. The operation led to the arrest of 1,209 suspects and the recovery of $97.4 million in assets. Zambian authorities also discovered a human trafficking network linked to the scam, and confiscated 372 forged passports. Additionally, Angola shut down 25 illegal cryptocurrency mining centers, highlighting the broader issues of cybercrime and energy regulation in Africa.
Zambia Shatters $300M Crypto Scam Web, Unearths Human Trafficking Links
