Giant Cryptocurrency Scam Network Busted in Nigeria 🇳🇬

On December 10, the Economic and Financial Crimes Commission of Nigeria (EFCC) arrested 792 individuals involved in a large-scale cryptocurrency scam in Lagos. Among those arrested were 148 Chinese nationals, 40 Filipinos, and many other foreigners.

The investigation revealed that this sophisticated network collaborated with local accomplices to defraud victims through romance and investment schemes. The scammers created fake profiles on social media to lure victims into investing in bogus cryptocurrency schemes.

Authorities are collaborating internationally to clarify the scale and connections of this organization. 🌐