Interpol cracks down on African crypto crime: over 1,200 arrested, $37 million in mining and IT equipment confiscated

According to Interpol, a joint operation codenamed "Serengeti 2.0" has uncovered a series of cryptocurrency-related crimes, resulting in the arrest of 1,209 suspects, nearly 88,000 victims, and the recovery of $97.4 million in funds. During the operation, Zambian authorities dismantled a large-scale cryptocurrency investment fraud ring that had defrauded investors through advertisements totaling $300 million. Furthermore, Angolan police seized 25 illegal cryptocurrency mining centers, arrested 60 Chinese nationals, and confiscated $37 million worth of mining and IT equipment. This operation, involving 18 African countries and the United Kingdom, has been ongoing since June of this year.