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Interpol Raids in Africa Recover $105M from Crypto Launderers
Interpol conducted Operation Serengeti III from June 29 to August 31 across 20 African countries and the United States, resulting in 1,462 arrests and the recovery of $105 million. The operation targeted online fraud, digital extortion, ransomware, and business email compromise. A Nigerian investment scam case involved $2.4 million in investment fraud proceeds, much of which was laundered through crypto. Other cases included fraud rings in Uganda, phishing attacks in Nigeria, and illegal crypto mining operations in Angola. The ban on crypto mining in Angola took effect in 2024 after being approved by the National Assembly in December 2023.