Crypto exchanges Binance, Coinbase join West Africa scam sweep that flagged $11 million
60-second summary
Binance and Coinbase join a West African anti‑scam operation after private‑sector partners flag eleven million dollars in potentially illicit crypto funds for freezing, while officials confirm undisclosed cryptocurrency seizures. The coordinated sweep underscores regulators’ growing focus on cross‑border money‑laundering risks, prompting exchanges to tighten compliance and potentially tightening liquidity across the regional market.
Private-sector partners flagged $11 million in funds that could be frozen, while officials reported cryptocurrency seizures without disclosing their value.