Attorney-General and Minister of Justice, Dr. Dominic Ayine, has revealed that the Economic and Organised Crime Office (EOCO) has traced and dismantled a sophisticated crypto fraud operation targeting Ghanaians and foreign nationals.
The exercise, he stated, has led to the recovery of more than US$15 million in digital assets.
He disclosed this while speaking at the Government Accountability Series on Thursday, December 18, 2025.
He noted that crypto wallets linked to the fraudulent company were hosted on an offshore cryptocurrency exchange platform, OKX, based in the Seychelles.
Dr. Ayine stated that OKX’s internal investigations confirmed EOCO’s suspicions, establishing that the cluster of transactions under scrutiny was fraudulent.
The investigation confirmed that more than 1,000 transactions originated from a single computer IP address and a specific location, pointing to the activities of one individual rather than multiple independent users.
Additionally, Know Your Customer (KYC) verification obtained by EOCO identified the wallet owner as a Chinese national working in Ghana under a resident permit.
Investigators also found that the suspect was an employee of the company allegedly used to defraud several Ghanaian and British citizens.
“In the course of the investigation, the company used to defraud Ghanaians was shut down, and its operations were seized. On November 19, 2025, ZODIAC successfully converted the cryptocurrency assets of the criminal enterprise and transferred the amount of USD 15,191,730 to the EOCO exhibit account,” the Minsiter added.
By: Rainbowradioonline.com/Ghana
