Crypto exchanges Binance, Coinbase join West Africa scam sweep that flagged $11 million

Binance and Coinbase joined a West African anti-scam operation that flagged $11 million in funds potentially eligible for freezing, while officials reported cryptocurrency seizures without disclosing their value. The collaboration between major exchanges and regional authorities signals tighter enforcement coordination against fraud networks. Traders should note the precedent of exchange-assisted asset freezing, though the dollar amounts are small relative to overall market liquidity and no specific tokens were named.