Nigeria's EFCC Charges Man Over $9.2M Crypto Fraud, Receives 19.8 BTC via Binance

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According to Bitcoin.com News, Nigeria's EFCC arraigned Usie Osang on July 2, 2026 for orchestrating a $9.2 million cryptocurrency investment scam that defrauded an Australian CEO. Osang allegedly deceived Brian Jacques Creigh, CEO of Panacea Capital, into investing in a fictitious platform called "Liquid Assets Group" between May 2021 and May 2022. The scheme involved AUD$8.43 million ($5.6 million) plus an additional $3.64 million. Osang received 19.806 bitcoin (valued at approximately $1.08 million at the time) via a Binance wallet. He pleaded not guilty to eight counts. Justice Obiora Egwuatu ordered Osang remanded at Kuje Correctional Centre with a bail hearing scheduled for July 14, 2026.
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