The Economic and Financial Crimes Commission (EFCC) has named four Kenyan nationals as main suspects in a large online scam linked to the now-closed Crypto Bridge Exchange (CBEX).
According to a statement released by the EFCC, the suspects involved in the scheme are three Kenyan men and one woman.
The suspects are believed to be foreign accomplices in the fraudulent scheme that has seen investors across Nigeria, Kenya, and Egypt lose more than $840 million (about Ksh108 billion at the current exchange rates). "The public is hereby notified that the persons whose photographs appear below are suspected foreign accomplices 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 stated.
Police placing a suspect in handcuffs during an arrest Photo NPS The platform, which claimed to be a crypto investment site, was exposed as a ponzi scheme that tricked investors.
