The Nigerian Economic and Financial Crimes Commission has apprehended close to 800 individuals across the country for their involvement in crypto romance scams. The EFCC's crackdown, spearheaded by Executive Chairman Ola Olukoyede, resulted in the arrest of 792 suspects engaged in cryptocurrency investment fraud and romance scams. The operation unfolded in a seven-story building resembling a financial institution's headquarters, where agents seized high-end computers and 500 SIM cards. The scammers, including foreign nationals, targeted victims worldwide, particularly from the US, Canada, Mexico, and Europe. Nigerian recruits were trained to lure victims into cryptocurrency scams under the guise of romance. The scheme, orchestrated by foreign masterminds, amassed millions before the fraud was uncovered. Olukoyede emphasized the need to combat such criminal activities, highlighting the exploitation of Nigeria's reputation by foreign criminals. This crackdown echoes a recent incident in Hong Kong, where authorities dismantled a deepfake romance scam involving fraudulent crypto investments worth $46 million. Read more AI-generated news on: https://app.chaingpt.org/news