cbex

The Digest: The EFCC has called on Nigerians who fell victim to the fraudulent Crypto Bridge Exchange (CBEX) platform to assist in ongoing investigations. The scam, which caused significant financial losses, has prompted the agency to act decisively. Key Points: EFCC invites victims of the...

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...