Nigeria’s anti-corruption agency, the Economic and Financial Crimes Commission (EFCC), has arrested 792 people following a raid on a building in Lagos, the country’s largest city. The EFCC suspects the building was a hub for a large-scale crypto romance scam operation. Among those arrested were 148 Chinese and 40 Filipino nationals.
The suspects would contact victims over social media with the aim of seducing them or offering bogus crypto investment schemes, and then pressuring them to transfer money, a type of scam known as pig butchering.
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