Madagascar Ministry of Justice: 148 Crypto Investment Fraud Suspects Have Been Extradited to China Since September

Madagascar Ministry of Justice: 148 Crypto Investment Fraud Suspects Have Been Extradited to China Since September

2026-11-01 16:07

ChainThink report, according to 2424.mg, 49 Chinese nationals convicted of crypto-network fraud in Madagascar were handed over to China on October 26 to continue serving their sentences, including 40 males and 9 females.

Since September, a total of 148 individuals have been extradited from Madagascar. In August and September this year, Madagascar conducted surprise raids that dismantled 13 cryptocurrency fraud hubs operated by Chinese nationals.

During the operation, approximately $52 million worth of digital assets and over 3,200 electronic devices were seized, along with the arrest of nearly 400 suspects involved in the scheme.

Disclaimer: Contains third-party opinions, does not constitute financial advice

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