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Zambian Authorities Dismantle $300M Crypto Fraud Ring in Interpol-Led Operation
Zambian Authorities Dismantle $300M Crypto Fraud Ring in Interpol-Led Operation
20
3
BTCCSquare news:
Zambian law enforcement, in coordination with Interpol's Operation Serengeti 2.0, has dismantled a sophisticated crypto fraud scheme that siphoned approximately $300 million from 65,000 victims. The operation resulted in 15 arrests and the seizure of critical digital evidence. The criminals employed a multi-app infrastructure mimicking legitimate SaaS platforms, using targeted ads to lure users with promises of high-yield returns.
Parallel to the Zambian crackdown, Angolan authorities confiscated 25 illegal crypto mining operations and 45 illicit power stations, seizing equipment valued at $37 million. The Interpol-led operation highlights the growing global coordination against crypto-related financial crimes.
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