Nigerian law enforcement hunts foreigner for 800M crypto scam

Elie Bitar, a foreign national, is wanted by the EFCC for leading a significant cryptocurrency fraud via Crypto Bridge Exchange, which deceived Nigerians out of ₦1.3 trillion ($812 million) by promising unrealistic returns.

The EFCC is urging anyone with information on Bitar’s whereabouts to come forward. Despite earlier warnings about CBEX, no actions were taken by Nigerian authorities to prevent this widespread scam.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

More posts