Investigations by FIJ have revealed the faces of key individuals behind CryptoBridge Exchange (CBEX), a fraudulent investment scheme that scammed Nigerians out of an estimated N1.3 trillion. CBEX, initially marketed as a quick way to make money without economic value, crashed in April, leaving investors devastated. As reports emerged, many were unable to access their…
Fuji musician, Alhaji Taye Adebisi, popularly known as Taye Currency, has recounted how he lost N10 million to an alleged Ponzi scheme operated by Crypto Bridge Exchange, popularly called CBEX. In a viral video circulating on social media, the singer recounted the ordeal during a stage performance. He disclosed that he was introduced to the…
The Economic and Financial Crimes Commission (EFCC) has assured individuals who invested in the CBEX digital trading platform that they would recover their funds. The commission revealed that it had been monitoring the platform even before the recent wave of public complaints. CBEX, which had promised investors a 100 percent return on investment, faced a…
In the past decade, Nigeria has witnessed a tsunami of Ponzi schemes that have fleeced citizens of trillions of naira under the guise of “investments”, “donations”, and “cooperative societies”. These scams, often masquerading as financial salvation in a country battered by economic hardship, have left millions of Nigerians in tears, despair, and in some cases,…
The Economic and Financial Crimes Commission (EFCC) in Tuesday assured some Nigerian investors that it was working with INTERPOL to fish out the operators of the crashed digital trading platform, CBEX.Nigerian cultural tours Adele Oyewale, the spokesperson of the commission in a statement said the EFCC has already launched a probe into the activities of…
Amid groaning and huge loss of investments to online crypto trading platform, CBEX, a video of a man praying for the ponzi Scheme not to crash trend online. GISTSMATE MEDIA reported that Nigerians on several social media platforms have begun to count their losses as a digital asset trading platform swept over N1.3 trillion from…
Nigerians on several social media platforms have begun to count their losses as a digital asset trading platform popularly known as CBEX reportedly swept over N1.3 trillion from their investors’ accounts. The digital trading platform crashed on Monday after the money in their investors’ wallets vanished. CBEX also locked its telegram channels and postponed its…
The Securities and Exchange Commission (SEC) has warned the public that it is illegal to use unregistered digital investment platforms, as concerns mount over the rising popularity of such platforms This renewed stance by the Commission follows social media uproar surrounding the operations of CBEX, a digital asset platform currently under scrutiny for allegedly freezing…
Amid uproar over the crashing of a popular cryptocurrency and forex trading platform, CBEX, angry individuals have reportedly looted the platform’s office at Oke Ado, Ibadan, Oyo state capital. GISTSMATE MEDIA earlier reported that users were left in panic following reports that the company has emptied the accounts of hundreds of investors without prior notice….
There is growing tension among users of CBEX, a popular cryptocurrency and forex trading platform, following reports that the company has emptied the accounts of hundreds of investors without prior notice. CBEX, which gained widespread attention in recent months for its high-yield investment packages and aggressive online marketing, is now at the center of what…