Nigeria’s EFCC Seeks CBEX Scam Victims in $1 Billion Crypto Fraud Probe Nigeria’s Economic and Financial Crimes Commission (EFCC) is ramping up its fight against a massive cryptocurrency scam, calling on victims of the Crypto Bridge Exchange (CBEX) to aid in an ongoing investigation. This fraudulent platform allegedly duped investors out of over $1 billion […]
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Seven Chinese Nationals Jailed in Nigeria for Cyberterrorism and Crypto Fraud A significant crackdown on international cybercrime unfolded in Lagos, Nigeria, as a federal high court sentenced seven Chinese nationals to prison for orchestrating a sophisticated network of internet fraud and cyberterrorism. Tied to romance scams and fraudulent cryptocurrency schemes, this case lays bare the […]
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Unmasking the “Pig Butchering” Crypto Scam in Nigeria Nigerian authorities have delivered a powerful blow to cybercrime networks, arresting nearly 800 individuals involved in a sophisticated “pig butchering” cryptocurrency scam. Spearheaded by the Economic and Financial Crimes Commission (EFCC), this operation targeted a nerve center in Lagos where foreign nationals and local accomplices devised intricate […]
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