{"id":148967,"date":"2025-02-08T14:00:33","date_gmt":"2025-02-08T12:00:33","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=148967"},"modified":"2025-02-08T02:11:34","modified_gmt":"2025-02-08T00:11:34","slug":"massive-crypto-fraud-ring-dismantled-in-nigeria-53-charged-and-assets-seized","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/massive-crypto-fraud-ring-dismantled-in-nigeria-53-charged-and-assets-seized\/","title":{"rendered":"Massive Crypto Fraud Ring Dismantled in Nigeria, 53 Charged and Assets Seized"},"content":{"rendered":"

A total of 53 individuals are facing<\/a> <\/strong>charges related to cybercrimes, including identity theft and fraud, after a significant crackdown. The authorities managed to recover about $200,000 in assets, although investigations suggest there could be up to $3 million in deposits tied to the operation.<\/p>\n

This crime syndicate, operating across multiple countries, was engaged in various illegal crypto schemes. The EFCC arrested hundreds of members in December, with many of the accused denying the charges in court. The vast operation spanned several regions, but the full extent of the funds involved remains unclear, with law enforcement still working to trace the illicit money.<\/p>\n

Despite the relatively modest seizure of physical assets, including mobile phones and vehicles, the scale of the criminal enterprise suggests the stolen funds could total billions.<\/p>\n