”We’re in contact with Interpol. We’re in contact with our development partners.”
The Economic and Financial Crimes Commission (EFCC) has launched an investigation into the alleged fraud by digital investment platform CryptoBank Exchange (CBEX), which collapsed after vanishing with investors’ funds estimated at N1.3 trillion. The platform, which promised a 100% return on investment in 30 days, crashed on Monday, wiping out savings despite earlier assurances from operators.
The EFCC, in collaboration with Interpol and international partners, is working to track down those behind the scheme. EFCC spokesperson Dele Oyewale confirmed the probe, stating, “Concerning this CBEX thing, we’re on it… We’re in contact with Interpol. We’re in contact with our development partners.” The scam is the latest in a series of Ponzi schemes that have defrauded Nigerians despite repeated warnings from regulators.