The Nigerian Economic and Financial Crimes Commission has arrested 792 individuals linked to a massive cryptocurrency romance scam operation, which involved foreign nationals training locals to defraud victims online. This crackdown follows a similar operation in Hong Kong, where 27 people were arrested for a deepfake romance scam that defrauded victims of approximately $46 million. Authorities emphasize that foreign criminals are exploiting Nigeria's reputation to conduct their schemes, but enforcement actions are intensifying to combat these frauds.
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