Nigerian Investment Scams
CBEX Reopens Amid SEC Ban, EFCC Probe
The embattled Crypto Bridge Exchange (CBEX), under intense scrutiny for allegedly defrauding over 600,000 Nigerians of N1.2 trillion, has resumed operations despite being banned by the Securities and Exchange Commission (SEC) and probed by the Economic and Financial Crimes Commission (EFCC). In a surprising turn of events, the platform has announced new withdrawal options and […]
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Is CBEX a Ponzi Scheme? Users Alarmed by Withdrawal Issues
Nigerian social media platforms have been thrown into a frenzy following a surge of complaints and warnings about CBEX, a digital asset trading platform that some users are now labeling a potential Ponzi scheme. What began as a wave of enthusiasm and testimonials about high returns has quickly morphed into anxiety, as users report difficulty […]