Malagasy authorities and the US Department of Justice dismantled 13 online fraud complexes in Madagascar following two months of joint operations. Investigators froze nearly $52 million in cryptocurrencies within 24 hours and seized more than 3,200 phones and computers. The complexes combined romance scams, fake financial investments and cryptocurrency fraud. A total of 148 Chinese nationals convicted of online fraud were transferred to China to serve their sentences. The frozen funds will be subject to civil forfeiture proceedings before any restitution to victims.
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