Interpol Global Crypto Crackdown Nets $100 Million and Over 1,000 Arrests
Interpol has announced a major global operation targeting illegal cryptocurrency mining and fraud. The operation resulted in over 1,000 arrests and the seizure of approximately $100 million in assets.
In Angola, 25 illegal crypto mining centers run by 60 Chinese nationals were dismantled, with equipment valued at over $37 million seized. This action reflects Angola's ban on crypto mining due to high energy consumption, a concern echoed globally. The crackdown also uncovered a massive fraud scheme in Zambia where 65,000 victims lost $300 million through promises of high-yield crypto returns.
The operation highlights increased regulatory scrutiny on illicit activities in the digital asset space.