Madagascar has transferred 148 Chinese citizens involved in crypto fraud to China since September.

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On October 26, Madagascar repatriated 49 Chinese nationals convicted of cryptocurrency fraud to China, including 40 men and 9 women. Since September, a total of 148 suspects have been returned. In August and September, raids in Madagascar dismantled 13 telecom fraud operations run by Chinese citizens. Authorities seized approximately $52 million in cryptocurrency and over 3,200 devices, resulting in nearly 400 arrests. The latest transfers underscore increasing international cooperation in enforcing cryptocurrency regulations.

ChainThink reports, according to 2424.mg, 49 Chinese citizens convicted of cryptocurrency network fraud in Madagascar were transferred to China on October 26 to continue serving their sentences, including 40 men and 9 women.

Since September, Madagascar has handed over a total of 148 individuals. In August and September of this year, Madagascar conducted raids that dismantled 13 telecom fraud hubs operated by Chinese citizens.

During the operation, approximately $52 million worth of cryptocurrency and over 3,200 electronic devices were seized, and nearly 400 individuals involved were apprehended.

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