The Economic and Financial Crimes Commission, EFCC, says it has recovered some money from the digital investment platform, CryptoBank Exchange (CBEX).
Chairman of the EFCC, Ola Olukoyede, stated this while fielding questions on Television Continental, TVC.
Metrowatch had reported that thousands of Nigerians lost investments in the digital asset trading platform to the tune of N1.3 trillion.
The development came after CBEX which boasted of giving investors 100 per cent Return On Investment in 30 days crashed, with money in their investors’ wallets vanishing.
Speaking on TVC, Olukoyede disclosed that the Commission has made arrests in connection with the CBEX fraud.
He noted that the agency is still pursuing others who are on the run, adding that EFCC had made significant progress in its investigation into the crypto scheme.
“We have gone far. We have made a reasonable arrest. We have also been able to recover a reasonable amount of money. We are not going to give out much because we don’t want the process to be disrupted. We are still after quite a number of people we have declared wanted,” he said.
