# Coinbase Identified More Than 65 Scam Victims in West Africa Sweep By Riza Dagoc Canonical URL: https://www.tokenpost.com/news/regulation/34358 Published: 2026-10-18T12:11:01.000Z Updated: 2026-10-18T12:11:01.000Z Section: Regulation > The Oct. 6-9 operation led to 28 arrests and identified at least $11 million in funds for possible freezing. Authorities did not disclose the value of cryptocurrency seizures. Binance and Coinbase joined an Oct. 6-9 operation targeting scam networks in West Africa that led to 28 arrests and identified at least $11 million in funds for possible freezing. The U.K. National Crime Agency (NCA) hosted the effort in London, bringing together law enforcement officials from the United States, Ghana, Nigeria and other countries. Authorities also seized cryptocurrency but did not disclose its value or identify the assets. The $11 million refers to funds considered potentially freezable, not confirmed recoveries. The arrest and potential-freeze figures also appear in [earlier coverage of the operation](). Coinbase found more than 65 people facing active scams and helped avert over $415,000 in potential losses. Those figures describe victim identification and potential losses prevented; they are separate from the operation's arrest total and funds identified for possible freezing. In Sasaabi, a suburb of Accra, Ghanaian authorities arrested 19 people and seized 303 electronic devices. They identified 117 trafficking victims awaiting repatriation to Nigeria. Authorities also identified 89 scam victims with estimated losses of about $8.3 million. In Nigeria, officials arrested nine people and confiscated 53 devices. Leads supplied by private-sector partners concerned more than 30 suspected scam centers. Meta removed more than 3.7 million accounts, pages and groups on Facebook and Instagram linked to the activity. The scams involved fraudulent cryptocurrency investment offers, criminals impersonating law enforcement and online extortion using fake arrest threats. In 2025, U.S. victims reported $7.2 billion in losses tied to cryptocurrency investment fraud, one of the types of schemes targeted in the operation. The operation's reported measures include arrests, identified victims, device seizures, platform removals and funds identified for possible freezing. They do not add up to a single recovery figure: authorities did not disclose the value of cryptocurrency seized, and the $11 million was only potentially freezable. ## Links in this article - [earlier coverage of the operation](https://www.tokenpost.com/news/regulation/31458)