Binance and Coinbase Join West Africa Scam Sweep
Major cryptocurrency exchanges Binance and Coinbase participated in a West Africa scam sweep that flagged $11 million.
Major cryptocurrency exchanges Binance and Coinbase have joined a regional scam sweep in West Africa that successfully flagged $11 million in illicit funds, according to CoinDesk.
The operation targeted fraudulent activities across the region, incorporating cooperation from major digital asset trading platforms to track and identify suspicious transactions.
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Key facts
- Binance and Coinbase participated in the West Africa scam sweep
- The operation flagged $11 million in illicit funds
- The initiative highlights ongoing compliance efforts among major global exchanges
Source: coindesk.com
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