cbex

The Digest: Two promoters of the now-defunct CBEX cryptocurrency scheme have been arraigned by the EFCC for promising Nigerians an 88% return on investments without securing approval from the Securities and Exchange Commission (SEC). Key Points: EFCC arraigned Avwerosuo Otorudo and...

CBEX, a digital asset trading platform, has collapsed, leaving Nigerian investors with losses estimated at ₦1.3 trillion. The scheme, operating without legal approval from the Nigerian Securities and Exchange Commission (SEC), promised high returns but has now been exposed as a Ponzi operation...