When Okikiola Abdul invested $300 in a supposed forex trading platform, Cryptocurrency Exchange (CBEX), in March, he hoped to use the proceeds from his investment to rent a new apartment and finish up ...

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 ...

More details have emerged on how promoters of the fraudulent Ponzi scheme, Crypto Bridge Exchange, aka CBEX, convinced hundreds of thousands of investors to put money into the trading platform. CBEX, ...

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 ...

The Federal High Court in Abuja has approved the request of the Economic and Financial Crimes Commission to arrest and detain six promoters of Crypto Bridge Exchange over an alleged investment fraud ...

A federal court has authorised the arrest of six CBEX promoters, and at least eight Nigerians have been declared wanted. Speaking on Politics Today on Channels Television, EFCC Chairman Ola Olukoyede ...

Swindling, like most other good or bad things, has been with us for some time. Indeed, Nigeria has had several examples in the past without many Nigerians learning any serious lessons. The one ...

The Economic and Financial Crimes Commission, EFCC, has dismissed the claims that the defunct digital asset trading platform, CBEX, was registered with its Special Control Unit against Money ...

Abby, another Kenyan investor, carries the guilt of introducing 25 family and friends to CBEX. "(They) invested so much, and it all disappeared," he told AFP. "I would really love to help them recover ...

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