Manhunt for Ellie Bitar, International Scammer Behind CBEX Goes Global

A global manhunt is underway for a 41-year-old foreign national accused of being involved in masterminding a large-scale cryptocurrency scam in Nigeria.

The suspect, whose identity has been revealed to be Elie Bitar, is believed to have orchestrated the fraudulent scheme through an online trading platform CBEX that promised unusually high returns to unsuspecting investors.

According to EFCC, the suspect’s operation has left a trail of financial devastation in its wake, with numerous victims coming forward to report significant losses.

CBEX gained widespread popularity in Nigeria, capitalizing on the country’s growing fascination with digital currencies.

However, as the platform’s user base expanded, so did concerns over its legitimacy. Critics pointed to a lack of transparency and regulatory compliance, warning of a potential scam. It now appears that these concerns were well-founded, as authorities have confirmed that the platform was indeed a front for a sophisticated fraud operation.

The Elie’s last known address has been identified, and a public appeal has been issued for information regarding their whereabouts.

Authorities are urging anyone with knowledge of the suspect’s location to come forward, and have provided multiple channels for reporting tips.

As the investigation continues, authorities are warning the public to remain vigilant and cautious when engaging with online investment platforms, particularly those promising unusually high returns.

The case serves as a stark reminder of the risks associated with unregulated cryptocurrency trading and the importance of thorough due diligence when investing online.