Add as a preferred source on GoogleMadagascar Sends 49 Chinese Crypto-Fraud Convicts to China
The transfer brought the number of people sent to China since September to 148. Earlier raids dismantled 13 scam compounds and seized about $52 million in cryptocurrency in one day.
Madagascar transferred 49 Chinese nationals convicted in cryptocurrency-related online fraud cases to China on Oct. 26, bringing the number of people sent there from the island nation since September to 148.
The 49 were transferred to continue serving their sentences in China. The group included 40 men and nine women. The 148 figure counts people transferred since September; the conviction details apply to the latest group of 49.
Raids in August and September dismantled 13 scam compounds operated by Chinese nationals and led to nearly 400 people being apprehended. More than 3,200 electronic devices were seized. A single day of operations produced a cryptocurrency seizure valued at about $52 million.
Riza Dagoc
Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.