Author: Louis Dike
Louis Dike
Louis Dike is the Publisher of Coinafrica, leveraging years of experience driving growth for global exchanges like Bybit, Bitget, and VTrader across Africa. A former Binance Tutor, he now channels his expertise into clear, insightful reporting that amplifies Africa’s voice in the global Web3 economy.
Interpol’s “Serengeti 2.0” operation has resulted in the arrest of over 1,200 suspects across multiple African countries, marking the largest coordinated Africa crypto crime crackdown in history. Authorities report that suspects were involved in illegal crypto mining farms, scams, and ransomware schemes targeting individuals and businesses. The crackdown underscores Africa’s crypto paradox: while the continent is a leader in grassroots adoption, it is also vulnerable to fraud due to weak consumer protections and limited regulation. See more related: Nigeria’s EFCC and SIBAN Sound Alarm on Rising Crypto Fraud Experts warn that without stronger frameworks, criminal networks could undermine the legitimacy…