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Crypto Regulation

FBI Says Scam Centers Caused $17 Billion in Losses; West Africa Operation Arrests 28

Statistics from the U.S. Federal Bureau of Investigation (FBI) show that losses related to scam centers reached $17 billion. The U.S. Department of Justice said a coordinated week-long law enforcement operation in West Africa led to the arrest of 28 people and the removal of more than 3.7 million online accounts, pages, and groups, while also identifying more than $11 million in funds that can be frozen.

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