Security· ★★★· neutral·

Elliptic Joins US Justice Department Operation Against West African Scam Networks

  • —28 arrests made during the first Joint Disruption Week in Africa
  • —$11 million in potentially freezable scam-linked funds identified
  • —US Justice Department, UK NCA and Elliptic took part in the operation
  • —Elliptic links scam wallets to exchange accounts to trace funds
Why it matters: Scam operations are shifting from Southeast Asia to Africa, and closer coordination between analytics firms and law enforcement speeds up the freezing of stolen funds.
Source: Coinfomania
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