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Nigerian Financial Watchdog Arrests 792 People Involved in Crypto Romance Scams

  • Nigerian Economic and Financial Crimes Commission (EFCC) has arrested 792 people involved in crypto romance scams.
  • The arrests followed a major raid into a building suspected of being used for organized fraud.
  • A Nigerian man was recently charged with defrauding Australians of $5 million in a crypto scam.
  • Foreign nationals, including 148 Chinese nationals and 40 Filipinos, were also arrested.

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