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

The EFCC said three suspects are currently under investigation following their alleged involvement in the $1bn CBEX scam. In a notice issued by its Head of Media and Publicity, Dele Oyewale, on Friday ...

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 ...

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 ...

The House of Representatives has raised concern over the collapse of a cryptocurrency investment scheme known as “CBEX,” which has reportedly defrauded unsuspecting investors of over ₦1.3 trillion. In ...

A Federal High Court in Abuja has scheduled ruling for June 30 in a bail application filed by three detained promoters of Crypto Bridge Exchange (CBEX), standing trial for $1billion fraud. The three ...

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 ...

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 ...