Coinbase partnered with the UK National Crime Agency, US Department of Justice Fraud Section, and Tech Against Scams coalition during a joint anti-fraud operation in London from October 6-9. The exchange’s global intelligence team tracked illicit fund flows, assisted in freezing assets linked to transnational fraud networks operating in West Africa, and shared real-time investigative leads with law enforcement.
The targeted criminal operations employed sophisticated tactics including fake cryptocurrency investment schemes, law enforcement impersonation, and coerced transfers via fabricated video call arrest scenarios. Coinbase noted that intensified crackdowns on Southeast Asian scam compounds have prompted some criminal networks to relocate operations to West Africa, prompting continued cross-border collaboration to track fraudulent fund movements.
Coinbase Joins International Operation to Dismantle West African Crypto Scam Network
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