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Nigerian Scammers Used BTC & Gemini Exchange to Siphon Millions

Published 07/12/2020, 11:00 AM
Updated 07/12/2020, 12:40 PM
Nigerian Scammers Used BTC & Gemini Exchange to Siphon Millions

The two Nigerians jetsetters who filled their Instagram accounts with pictures of their ostentatious wealth were extradited from Dubai to the United States. According to the FBI, they were able to convert millions of dollars into Bitcoin (BTC) via the Gemini exchange.

The two are Olalekan Jacob Ponle, also known as “Mr. Woodbery,” and “Mark Kain,” and Ramon Olorunwa Abbas, who used the aliases “Ray Hushpuppi” and “Hush”. The FBI complaint focused on the former’s activities and how he used Bitcoin to transfer the stolen funds.

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