Crypto Chaos: Nigeria’s EFCC Probes β¦1.3 Trillion CBEX Fraud Scandal
Nigeria is reeling from a massive financial scandal as the Economic and Financial Crimes Commission (EFCC) investigates a β¦1.3 trillion ($847 million) fraud linked to the CryptoBank Exchange (CBEX). The Ponzi scheme, which promised investors a staggering 100% return within 30 days, collapsed after restricting withdrawals on April 9, 2025, leaving 300,000 investors in financial…
