The Economic and Financial Crimes Commission (EFCC) has declared a foreign national, Elie Bitar, wanted in connection with a major cryptocurrency fraud scheme linked to the controversial online trading platform, Crypto Bridge Exchange (CBEX).
In a public bulletin released Wednesday via EFCC’s official social media channels, the agency alleged that 41-year-old Bitar orchestrated a fraudulent investment scheme that defrauded numerous investors across Nigeria, leveraging the growing popularity of digital currencies.
“The public is hereby notified that Elie Bitar, whose photograph appears above, is wanted by the Economic and Financial Crimes Commission (EFCC) for fraud allegedly perpetrated on an online trading platform called Crypto Bridge Exchange (CBEX),” the notice read.
Last Known Address and Contact Information
Bitar’s last known address is listed as Eng. George Enemoh Crescent, Lekki Phase 1, Lagos State.
The notice was signed by EFCC’s Head of Media and Publicity, Dele Oyewale.
Public Urged to Assist With Information
The EFCC urged members of the public with useful information regarding Bitar’s whereabouts to report to any of its zonal commands located in Abuja, Lagos, Ibadan, Uyo, Sokoto, Maiduguri, Benin, Makurdi, Kaduna, Ilorin, Enugu, Kano, Gombe, or Port Harcourt.
Tips can also be submitted through these channels:
- Phone: 0809 332 2644
- Email: info@efcc.gov.ng
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CBEX: Another Crypto Scam Targeting Nigerians
Crypto Bridge Exchange (CBEX) gained popularity in Nigeria by offering promises of high returns on cryptocurrency investments. However, complaints from users about non-payments, poor transparency, and suspicious operations raised red flags before the EFCC’s formal involvement.
The agency believes that Bitar used CBEX as a front for a crypto-based Ponzi scheme, exploiting Nigeria’s booming but largely unregulated crypto space.
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