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Emerging Markets

Cape Verde Families Devastated by Cryptocurrency Fraud Wave

The Rio Times · 1h ago · 🇧🇷 Brazil

Cape Verde Families Devastated by Cryptocurrency Fraud Wave

Africa · Western Key Facts —The WS platform. A Ponzi scheme marketed as crypto investment wiped out savings across Cape Verde. —Victim losses. One victim, Carlos Correia, lost roughly €4,000 (about $4,350). —Regional scale. West Africa recorded $2.1 billion in suspicious crypto transactions in 2024. —Regulatory vacuum. Cape Verde has no dedicated crypto-asset framework. —Global […] The post Cape Verde Families Devastated by Cryptocurrency Fraud Wave appeared first on The Rio Times .

Read the full story at The Rio Times →

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