CBEX Crypto Scam: EFCC Declares Four Wanted

The Economic and Financial Crimes Commission (EFCC) has declared eight individuals wanted in connection with the massive CBEX crypto fraud that defrauded thousands of Nigerians of over $1 billion.The suspects — four Nigerians and four foreigners — allegedly lured investors by promising unrealistic returns of up to 100% within 30 days. Victims were tricked into depositing digital assets, only for the platform to restrict withdrawals and disappear in April 2025.ST Technologies International Limited, the company behind CBEX, was not registered with the Securities and Exchange Commission (SEC) to operate investment services.The collapse has left many Nigerians devastated, with heartbreaking testimonies flooding social media.The EFCC is now calling on the public for information to help track down the suspects.Stay vigilant. Always verify investment platforms before committing your money.#CBEXScam #EFCC #CryptoFraud #NigeriaNews #FreebyzUpdate