The Economic and Financial Crimes Commission (EFCC) has reiterated it warned Nigerians against falling for Ponzi schemes, as outrage grows over the alleged N1.3 trillion fraud linked to the digital ...

Embarrassed and in debt, Edwin was left reeling after losing $16,000 to CryptoBridge Exchange (CBEX), one of the crypto-trading platforms preying on investors in Africa. Edwin, a Kenyan government ...

Economic and Financial Crimes Commission (EFCC) says it has traced proceeds from the failed CBEX crypto bridge exchange scheme to at least four countries, noting that full restitution to victims may ...

The Economic and Financial Crimes Commission (EFCC) has launched a comprehensive investigation into an alleged N1.3 trillion cryptocurrency fraud connected to the now-defunct digital investment ...

An Abuja High Court had granted the EFCC permission to arrest and detain six suspects believed to be promoters of CBEX over fraud allegations. The Economic and Financial Crimes Commission (EFCC) has ...

One of the most contentious conversations in Nigeria currently concerns the proliferation of Ponzi schemes in the last decade, which was brought to the forefront by the recent CBEX scam. ・CBEX, a ...

Thousands of Nigerian investors became victims of CBEX, losing over N3bn as the Ponzi scheme froze withdrawals in April. The Economic and Financial Crimes Commission (EFCC) has been granted the ...

Earlier this year, the cryptocurrency space was negatively impacted by the collapse of CBEX, a supposed trading platform that defrauded investors of nearly $1 billion. This high-profile Ponzi scheme ...

Thousands of traders across Africa have been left reeling after an online trading platform collapsed, vanishing with their money, in the millions. Crypto Bridge Exchange (CBEX), the company at the ...

Following CBEX's collapse, Kenya's Capital Markets Authority issued an 'Investor Alert' about unregulated platforms - Copyright AFP Kirill KUDRYAVTSEV Following CBEX ...