SiBAN Ad Hoc Committee on Crypstone Scam Allegations

Following its commitment to combating criminal activities in the Blockchain and Cryptocurency space, SiBAN has set up a committee to investigate allegations of fraud and scam made against Crypstone Global Resources Ltd. The petition was received On 12 September 2019, by SiBAN via email from a Crypstone user who lost his investment as well as Return on Investment, summing to $3042 in Crypstone’s CST Pack hedge funds in 2018. This petition was a response to the invitation the SiBAN Chairman published in the SiBAN WhatsApp community on 11 September 2019 following allegations bordering on scam made against Crypstone.

Having received the petition, SiBAN Caretaker Committee immediately swung into action as follows:

1. Based on due process, SiBAN constituted a 5-man Ad Hoc Committee to look into the complaint against Crypstone. Members of this committee are as follows:

A. Doris Ojuederie – Chairperson
B. Senator Ihenyen – Secretary
C. Charles Azih – Member
D. Abikure Tega – Member
E, Chike Okonkwo – Member

2. The Committee was inaugurated and mandated by the Caretaker Committee to submit its report and recommendations to the Caretaker Committee within 2 weeks.

Below, is a link to the Full Report submitted to the Ad Hoc Committee set up by the Chairman of Stakeholders in Blockchain Technology Association of Nigeria (SiBAN) on the Allegations of Fraud against Crypstone Global Resources Ltd, dated, 23 November 2019.

Click here, to read the report.


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