Crypto exchanges Binance, Coinbase join West Africa scam sweep that flagged $11 million

First reported 18 Oct, 12:00 UTCSource: CoinDesk + 1 moreLast editorial activity 18 Oct, 12:00 UTCWrite a comment ↓

Close-up of golden bitcoins on a laptop keyboard representing digital currency and wealth. — Illustrative photo.Photo by https://kaboompics.com/ on PexelsCoinbase logo shown for identification only; no affiliation with or endorsement of WORLDTECH is implied.

What happened

Private-sector partners flagged $11 million in funds that could be frozen, while officials reported cryptocurrency seizures without disclosing their value. Coinbase is a cryptocurrency and cryptocurrency exchange company based in San Francisco, founded in 2012. Binance is a cryptocurrency exchange and finance company based in United Arab Emirates, founded in 2017, and its products and services include cryptocurrencies.

What Matters Now

Detailed view of a server rack with a focus on technology and data storage. — Photo: panumas nikhomkhai / Pexels

Cybersecurity

Sources & evidence

CoinDesk Reporting source
Crypto exchanges Binance, Coinbase join West Africa scam sweep that flagged $11 million ↗
https://www.coindesk.com/business/2026/10/14/crypto-exchanges-binance-coinbase-join-west-africa-scam-sweep-that-flagged-usd11-million
crypto.news Reporting source
Binance, Coinbase join West Africa scam crackdown as 28 arrested ↗
https://crypto.news/binance-coinbase-west-africa-scam-crackdown/

What happened

Sources & evidence

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