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 CBEX crash underscores the risks of investing in unregulated digital platforms and serves as a stark warning for investors chasing unrealistic returns in the volatile world of cryptocurrency. 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 ...

The Economic and Financial Crimes Commission, EFCC, has disclosed that the agency has traced funds linked to the failed crypto bridge exchange, CBEX, scheme to at least four countries. EFCC chairman, ...

The Economic and Financial Crimes Commission and INTERPOL have commenced a probe of the recently crashed online digital trading platform, CBEX, as it reportedly swept its investors funds amounting to ...

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 ...

A high court in Nigeria has reportedly granted the country’s Economic and Financial Crimes Commission (EFCC) the authority to arrest six individuals who were allegedly involved in investment fraud at ...

Thousands of Nigerians are reeling from the collapse of CBEX, a digital asset trading platform that has reportedly disappeared with more than N1.3 trillion of investors’ funds. The platform, which ...

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 ...

The Economic and Financial Crimes Commission (EFCC) has declared two additional suspects wanted in connection with the controversial cryptocurrency fraud linked to the collapsed Crypto Bridge Exchange ...

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