Country steps up crackdown on online scammers, who lure victims using promises of romance to invest in fake cryptocurrency investments. Nigeria has deported 102 foreign nationals, including 60 Chinese and 39 people from the Philippines, who were convicted of “cyber-terrorism and internet fraud”, according to the country’s anticorruption agency. The announcement by Nigeria’s Economic and … Read more
The Binance executive was detained when he arrived in Nigeria following the crackdown on the company. An executive of cryptocurrency exchange Binance has escaped custody in Nigeria, where a criminal investigation has been launched against the platform accused of being used for money laundering, according to authorities. Nadeem Anjarwalla, the regional manager for Binance in … Read more
Bankman-Fried faces up to 110 years behind bars following guilty verdict. Former crypto tycoon Sam Bankman-Fried has been found guilty on all charges after orchestrating what authorities have described as one of the biggest financial frauds in US history. A jury convicted Bankman-Fried, the founder of cryptocurrency exchange FTX, on seven counts of fraud, embezzlement … Read more