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Binance, Coinbase Join West Africa Scam Sweep
Crypto exchanges Binance and Coinbase, along with blockchain analytics firms, participated in a crackdown on West African cryptocurrency investment fraud. The operation identified over $11 million in funds that could be frozen, and reported cryptocurrency seizures without disclosing their value. The crackdown involved the U.S. Department of Justice, the National Crime Agency (NCA), and tech firms working with authorities to target networks targeting people in the U.S., U.K., and other countries.