The EFCC charged 53 individuals linked to a multinational crypto crime ring, amid broader efforts to combat cybercrime. In total, 739 were arrested; all maintain not guilty pleas.

Authorities recovered approximately 222,729 USD, though they traced nearly 3 million USD in bank deposits and peer-to-peer transactions, indicating substantial illicit activity.

The operation highlights ongoing issues with crypto crime, involving over 792 members from various countries. Law enforcement’s actions signal a growing commitment to tackling this global problem.