Crypto exchanges Binance, Coinbase: Fraud or scam

Private-sector partners flagged $11 million in funds that could be frozen, while officials reported cryptocurrency seizures without disclosing their value.

Evidence boundary

Confidence describes the coverage of the available evidence. It is not a safety rating and does not guarantee that a protocol or asset is safe.

Sources

• https://crypto.news/binance-coinbase-west-africa-scam-crackdown/
• https://www.coindesk.com/business/2026/10/14/crypto-exchanges-binance-coinbase-join-west-africa-scam-sweep-that-flagged-usd11-million

Record history

First seen: 2026-10-18T12:00:00.000Z. Last updated: 2026-10-20T06:31:55.813Z. Revision: 11.