Binance, in collaboration with INTERPOL, AFRIPOL, and law enforcement agencies from 16 African countries, has executed "Red Card 2.0," a significant operation targeting high-yield investment scams, mobile payment fraud, and fake loan applications. Over an eight-week period, authorities arrested 651 suspects, seized 1,442 malicious IPs, domains, servers, and related equipment, and recovered more than $4.3 million. The investigation revealed total associated losses exceeding $45 million and identified 1,247 victims.
Binance and INTERPOL Lead Major Crackdown on African Fraud Schemes
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