Justice Nwite had on April 24 given the EFCC the go-ahead to arrest and detain six operators of CBEX over their involvement in the fraud Justice Emeka Nwite of the Federal High Court, Abuja, has adjourned the bail application filed by three detained promoters of Crypto Bridge Exchange (CBEX) in the alleged over one billion…
Another wave of financial loss has hit unsuspecting Nigerians as the CBEX app, a fraudulent investment platform, has disappeared with users’ money. This app, like many others before it, operated under the classic model of a Ponzi scheme, deceiving people with promises of high and quick returns. Many are left heartbroken, some in debt, all…
More details have emerged on how promoters of the fraudulent Ponzi scheme, Crypto Bridge Exchange, aka CBEX, convinced hundreds of thousands of investors to put money into the trading platform. CBEX, a digital investment platform, offered investors 100 per cent profit after 30 days of purported AI trading. No fewer than 600,000 Nigerians reportedly invested…
