FBI Puts Scam-Center Losses at $17 Billion as West Africa Raids Net 28 Arrests
- —FBI estimates scam-center losses at $17 billion
- —More than 3.7 million accounts, pages and groups removed
- —Over $11 million in potentially freezable funds identified
- —28 arrests made in West African raids
Why it matters: Scam centers remain the largest source of losses for crypto investors, and a rising arrest count could pressure their infrastructure.
Source: The Defiant