Data compiled by Woofun AI shows that Ghana’s Economic and Organized Crime Office (EOCO), in coordination with the UK National Crime Agency (NCA), Europol, and private partners, has recovered approximately $15.1 million in assets linked to a cross-border crypto fraud scheme. The operation targeted a Chinese-Malaysian organized crime group accused of laundering proceeds through digital assets, following initial alerts from OKX compliance teams regarding suspicious activity tied to an investment platform.

The investigation escalated when Europol relayed intelligence to the UK NCA, which identified operational links including mule accounts and a physical office in Ghana.

Concurrently, the NCA’s International Liaison Officer in Accra shared critical data with EOCO, triggering a multi-agency response. Authorities utilized administrative freeze powers to secure funds before deploying Chainalysis Reactor to map the transaction network. This analysis revealed that seemingly disparate wallets formed a coordinated structure holding 119.4 BTC, 93 ETH, and 2.85 million USDT, with assets having traversed nearly 20 cryptocurrencies, including significant holdings in DOGE prior to consolidation. Following the seizure, ComplyCrypto and Zodia Custody facilitated the liquidation of assets, transferring the proceeds to a dedicated exhibit account in Ghana for victim restitution, with some funds destined for British citizens.