Nigeria's Crypto Romance Scam Crackdown
2 days ago
57
Nigerian authorities, specifically the Economic and Financial Crimes Commission (EFCC), raided a Lagos building involved in a massive cryptocurrency romance scam. Hundreds of suspects, including many foreign nationals, were arrested. The scam utilized "pig butchering" tactics, building victims' trust before defrauding them. Seized items included technology and vehicles used in the operation. International collaboration is underway to investigate potential links to global criminal organizations.
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