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 ...

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 ...

In a notice issued by its Head of Media and Publicity, Dele Oyewale, on Friday, August 22, 2025, the anti-graft agency asked the CBEX scam victims to report to the zonal offices in Ibadan and Lagos.

The Economic and Financial Crimes Commission (EFCC) has declared four individuals wanted for their alleged involvement in a fraudulent online scheme on the Crypto Bridge Exchange (CBEX) platform, ...

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 ...

They were stunned—speechless, bewildered and heartbroken. Men and women, young and old, all united by disbelief and silent anguish. Some clung to the desperate hope that it was just a bad dream they ...

By Paul DadaThe Economic and Financial Crimes Commission (EFCC) has declared two additional suspects wanted in connection with the alleged N1 billion cryptocurrency scam linked to Crypto Bridge ...

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

CBEX Crypto Scam: AI-hyped Ponzi Scheme Defrauds African Investors By Peris GACHAHI with Oluseyi AWOJULUGBE in Lagos July 01, 2025, 1:50 am EDT Share ...