This feature is only available to South African users of the Paycorp-powered CryptoExpress app.
The analytics firm found that illicit transactions are carried out more with stablecoins than any other cryptocurrency.
The crypto scam entity lured investors by falsely claiming to invest their money in Bitcoin mining equipment, promising exorbitant returns.
Hundreds of Central Africans participated in the scheme, with some depositing their life savings worth millions of CFA francs.
The scammers employed young Namibians and trained them to target victims to invest in a non-existent crypto investment platform.
1,281 bitcoins have so far been recovered and will be repaid to victims who submit claims only after the courts have made some clarifications.
Scammers actively target victims by sharing videos of fake cryptocurrency giveaways featuring notable names and organizations.