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The Nexus
CRIMEJul 27 · 23:09 UTCTHE RIO TIMESAmina Diarra

Cape Verde Families Devastated by Cryptocurrency Fraud Wave

A Ponzi scheme marketed as a cryptocurrency investment on the WS platform has devastated families in Cape Verde, with one victim, Carlos Correia, losing €4,000. West Africa recorded $2.1 billion in suspicious crypto transactions in 2024, and Cape Verde lacks a dedicated crypto-asset regulatory framework.

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Mentioned
Carlos CorreiapersonWS platformorganizationCape VerdeplaceWest AfricaplaceThe Rio Timesorganizationcryptocurrency fraudtopic
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