Madagascar Hands Over 148 Cryptocurrency Investment Fraudsters to China

By:Ā www.2424.mg|11/01/2026 08:06:08

The Madagascar Ministry of Justice has transferred 148 Chinese citizens convicted of cryptocurrency fraud to China since September. On October 26, 49 convicted individuals, including 40 men and 9 women, were handed over to China to continue serving their sentences. Madagascar launched a series of raids from August to September this year, dismantling 13 fraud operations run by Chinese citizens, seizing approximately $52 million worth of cryptocurrency in a single day, and confiscating over 3,200 electronic devices, while arresting nearly 400 individuals involved in the case.

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