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 ...

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 ...

The Federal High Court in Abuja has granted a bail to two of the detained Crypto Bridge Exchange (CBEX)’s promoters in the sum of N10 million each with two sureties each in like sum. Those admitted to ...

ORCHESTRATORS of Ponzi schemes have increasingly turned to artificial intelligence tools to make their scams appear more ...

Nigerian Senate has launched a public hearing to amend the Banks and Other Financial Institutions Act (BOFIA) 2020 while investigating rampant ponzi schemes, spotlighting the Crypto Bridge Exchange ...