•As investors lament losses
From Sola Ojo, Abuja
The Economic and Financial Crimes Commission (EFCC) yesterday reiterated the Commission’s commitment to investigate the alleged N1.3 trillion fraud perpetrated by CryptoBank Exchange (CBEX), a digital investment platform.
Head, Media and Publicity, EFCC, Dele Oyewale, told Daily Sun that the operatives of the commission, in collaboration with the International Criminal Police Organisation (INTERPOL), are working collaboratively on the development.
Oyewale assured Nigerians that, the commission would investigate the incident and track down foreign operators that are involved.
“We have launched an investigation into the matter. But, an investigation on a matter like this may take a while.
“So, we understand the investment Nigerians have put into this, and we are working with other security agencies within and outside the country to unravel the misery behind the CBEC collapse”, he said.
CBEX collapse has left thousands of investors stranded and unable to access their funds.
Unconfirmed reports claimed that Nigerian and foreign investors lost about N1.3 trillion in USDT, with some reports putting the volume of stolen funds at $847 million.
Many investors have expressed frustration and desperation, with some storming CBEX offices and others sharing their stories on social media.
Experts have described CBEX as a Ponzi scheme that promised unrealistic returns, with some investors reportedly losing significant amounts.
The EFCC had a few weeks ago raised concern about 58 unregistered Ponzi schemes operating in the country and warned Nigerians against transacting business with them.