The Economic and Organised Crime Office (EOCO) has traced and dismantled a sophisticated crypto fraud operation that targeted Ghanaians and foreign nationals, leading to the recovery of more than US$15 million in digital assets, Attorney-General Dominic Ayine has disclosed.
Speaking at the accountability series on Thursday, December 18, the Attorney-General revealed that crypto wallets linked to the fraudulent company were hosted on an offshore cryptocurrency exchange platform, OKX, based in the Seychelles.
He explained that OKX’s internal investigations confirmed EOCO’s suspicions, establishing that the cluster of transactions under scrutiny was fraudulent. According to the findings, 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.
Further investigations, including Know Your Customer (KYC) verification obtained by EOCO, identified the wallet owner as a Chinese national working in Ghana under a resident permit.
The suspect was also found to be an employee of the company allegedly used to defraud several Ghanaian and British citizens.
Mr Ayine said EOCO moved swiftly to shut down the company involved in the scam and seize its operations as part of efforts to prevent further losses to the public.
“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,” he added.
