Injustice served as justice?

[dezoel]

I heard about CBEX two months ago, and many individuals lost thousands of dollars as a result of the investment as the platform took people's money after they put their life savings. Many people nearly killed themselves because they invested money that did not belong to them in the hopes of making huge profits in the end. It happened because of greed, and many individuals failed to learn from the past because that wasn't the first time they had lost money on an internet investment.

Believe it or not, those who run this kind of MLM scam deliberately target countries that are more uncivilised, and there is a lack of education, especially regarding stuff on the internet. They know that people who have recently started hearing about online jobs and online earning will get curious quickly if they hear about a project that allows them to make money if they make investments, and they are not wrong. If you ask someone who doesn't know much about these things, they will be instantly ready to invest money and ask you to let them know about some opportunity and how they can earn money online.

Mostly third-world countries where a lot of people still live in poverty, and those who are not poor and are earning money but lack knowledge and education are easy targets for MLM scams. Once such people join, and are taught about how things work, they immediately start referring other people, and that way, these scams spread so fast and scammers make so much money from it.

[SamReomo]

Most scammers take advantage of poor fellows because they target their greed and that's how they get success in their scamming efforts. A few months ago an application named TreasureNFT was created with such Ponzi scheme intention and many greedy people invested money in it and once the companies reacquired a lot of funds it store those funds and ran away. Cbex did something similar, and ran away with the money of the greedy people.

[Cookdata]

Some few weeks have past since some ponzi scheme runners scammed a lot of my country people, the money is so much that the government had to intervene, and the latest we had today was that some of the amount have been recovered.
Victims lost funds in USDT and BTC even Tron, but It has gotten to a point where I am starting to doubt my own law abiding country (if so). The name of these scam company is Cbex and I am sure few people on here knjw about it.

Here is where I am confused.

1. They claimed that the scam runners are been tracked down to Cambodia and it will be extremely hard from this point to get the rest of the money back.

My question IS, does this mean that any criminal that entered Cambodia can't be arrested?

Who is going to initiate the arrest? The Nigerian government doesn't have the power there to arrest anyone unless they make it a joint operation where further investigations must have been carried out and evidence of scams and stolen investment will be presented. Sometimes, I think Interpol carried out some operation but permission must have to be given.

2. They also said that the fund recovered can't be paid back in USDT probably because of the inflation of the fiat currency in the country? But why?

I asked why because these people paid in USDT in the first place, they must have exchange their Fiat to USDT, since the funds are recovered like they claimed they should settle them back with what was recovered.

I don't think this is fair justice served, BTC should be paid back in BTC likewise USDT, do you think otherwise? Drop your reason.

Unless the people that carried the case want to sabotage their money and looth their investment, if investment are done in hard currency, money has to be return in hard currency. Why trying to pay in the local currency? This is very bad and not professional unless the government is trying to come their aid and help them pay some money as refunds or as damages, they need to give them their money in full.

[Agbamoni]

I asked why because these people paid in USDT in the first place, they must have exchange their Fiat to USDT, since the funds are recovered like they claimed they should settle them back with what was recovered.

I don't think this is fair justice served, BTC should be paid back in BTC likewise USDT, do you think otherwise? Drop your reason.

I can say it is fair in the sense that, any criminal that ran to his own country is somehow difficult to arrest by your own country force. The process will be a whole different thing, so many countries will avoid it until the culprit step into their country again.

In the case of returning the money in the same currency it was stolen is wrong. They should be happy that the money was returned in the first place. Any means they receive it is fair as long as they were giving the exact value or equivalent.

[EarnOnVictor]

Here is where I am confused.

1. They claimed that the scam runners are been tracked down to Cambodia and it will be extremely hard from this point to get the rest of the money back.

My question IS, does this mean that any criminal that entered Cambodia can't be arrested?

2. They also said that the fund recovered can't be paid back in USDT probably because of the inflation of the fiat currency in the country? But why?

I asked why because these people paid in USDT in the first place, they must have exchange their Fiat to USDT, since the funds are recovered like they claimed they should settle them back with what was recovered.

I don't think this is fair justice served, BTC should be paid back in BTC likewise USDT, do you think otherwise? Drop your reason.

CBEX scam happened in Nigeria, and the Nigerian government are not to be trusted on the recovery, not the so-called EFCC, don't ever believe anything they say. I knew from the start that they were just lying, they only needed to say something, and wanted people to believe they were working.

Contrary to Cambodia only, I read 4 different countries from the EFCC, giving people a false hope. As widely reported, all the money was moved to an Ethereum wallet. If top countries and companies could not recover such money in their crypto theft cases, what can Nigeria do with their limited resources? Not when the little resources earmarked for the investigation would even be corruptly stolen by the agency.

Every CBEX victim should take heart, their money is gone for good. Next time, they should rethink investing in what looks too good to be true.

[harapan]

This is a deeply frustrating situation for the victims.
Not that it is not possible to arrest criminals who runs to Cambodia, but
International law is quite complex. Arresting individuals in some countries require more diplomatic cooperation making it a bit difficult not that it can't happen.
As the government, they love operating in there legal tender in the first place recovered crypto can even be converted to fiat

Exactly it doesn't mean those criminals that runs to Cambodia can't be arrested or caught but I think it depends on the government intervention that will  facilitate if justice will be served appropriately cause this days you can't trust the government enough in recovering such funds from those scammers. And to all those that were victims of this in issues I think they should move on cause eve if there would be recovering of at least their crypto it's definitely will take a long while, or better still it's gone.

[doomloop]

They claimed that the scam runners are been tracked down to Cambodia and it will be extremely hard from this point to get the rest of the money back.

Unfortunately there exist some countries who would allow scammers to reside in their country. I don't know the Cambodian laws so I can't say for them but there are several other countries like UK allows you to settle in their country after executing a scam, and their laws will protect them if you invest a certain amount in UK.

My question IS, does this mean that any criminal that entered Cambodia can't be arrested?

If the laws protect them, unfortunately not.

They also said that the fund recovered can't be paid back in USDT probably because of the inflation of the fiat currency in the country? But why?

I haven't gone in the details but this doesn't make sense to me. If cryptocurrency is recognized as legal asset in the country, they should return it to the rightful owners in equal proportions.