Nigeria Seeks Foreign National Over ₦1.2 Trillion CBEX Crypto Fraud
- EFCC declares Elie Bitar wanted in a ₦1.2 trillion CBEX crypto fraud case affecting 600K investors.
- Nigeria’s SEC confirmed CBEX was unregistered; promised 100% monthly ROI.
- A court approved the arrest of 6 CBEX promoters in broader $1B fraud probe.
The Economic and Financial Crimes Commission (EFCC) of Nigeria has declared Elie Bitar, a foreign national, wanted in connection with a massive crypto investment fraud. The scheme ran through the now-defunct Crypto Bridge Exchange (CBEX) and is believed to have defrauded thousands of Nigerian investors of over ₦1.2 trillion.
EFCC Tracks Key Player in Crypto Fraud
In a notice released Wednesday, the EFCC identified Bitar as the individual behind CBEX’s deceptive investment platform. The 41-year-old is accused of orchestrating a scheme that promised unrealistic returns while outside Nigeria’s financial regulatory framework.
Bitar was last known to reside at Eng. George Enemoh Crescent in Lekki Phase 1, Lagos. The commission has called on the public to assist in locating him. They urge anyone with relevant information to contact EFCC zonal offices nationwide.
Broader Investigation and Previous …
The post Nigeria Seeks Foreign National Over ₦1.2 Trillion CBEX Crypto Fraud appeared first on Coin Edition.
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Nigeria Seeks Foreign National Over ₦1.2 Trillion CBEX Crypto Fraud
- EFCC declares Elie Bitar wanted in a ₦1.2 trillion CBEX crypto fraud case affecting 600K investors.
- Nigeria’s SEC confirmed CBEX was unregistered; promised 100% monthly ROI.
- A court approved the arrest of 6 CBEX promoters in broader $1B fraud probe.
The Economic and Financial Crimes Commission (EFCC) of Nigeria has declared Elie Bitar, a foreign national, wanted in connection with a massive crypto investment fraud. The scheme ran through the now-defunct Crypto Bridge Exchange (CBEX) and is believed to have defrauded thousands of Nigerian investors of over ₦1.2 trillion.
EFCC Tracks Key Player in Crypto Fraud
In a notice released Wednesday, the EFCC identified Bitar as the individual behind CBEX’s deceptive investment platform. The 41-year-old is accused of orchestrating a scheme that promised unrealistic returns while outside Nigeria’s financial regulatory framework.
Bitar was last known to reside at Eng. George Enemoh Crescent in Lekki Phase 1, Lagos. The commission has called on the public to assist in locating him. They urge anyone with relevant information to contact EFCC zonal offices nationwide.
Broader Investigation and Previous …
The post Nigeria Seeks Foreign National Over ₦1.2 Trillion CBEX Crypto Fraud appeared first on Coin Edition.
Read More
Justin Sun Shares Major Update on $500M TUSD Reserve Misappropriation: Calls Out ARIA-FDT Scam and Dubai Banks