On Tuesday, the digital investment platform CBEX suddenly collapsed, with reports indicating that investors incurred losses amounting to over N1.3 trillion.

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According to di EFCC, dem dey partner wit international agencies to find dose wey dey behind di CBEX platform and how dem fit ...

From MMM that crashed in 2016, leaving millions of investors stranded, to the recent collapse of CBEX and other crypto-based platforms, the allure of high returns with little risk has continued to ...

CBEX scam wipes out $800 million in Nigeria and Kenya, exposing a vast Ponzi network using TRON and fake crypto platforms.

Thousands of Kenyans have fallen victim to CBEX, an online trading platform that promised high returns but has now collapsed, ...

Former President Joe Biden said Tuesday that the amount of damage the Trump administration has done to Social Security is "breathtaking." ...

A digital trading platform, China Beijing Equity Exchange (CBEX), has collapsed, leaving an estimated 300,000 investors grappling with losses surpassing N1.3 trillion (approx. $840 million).

The scheme is named after Charles Ponzi, an Italian con artist who scammed thousands in the 1920s in the U.S. He promised people 50% returns in 45 days and was so convincing that people sold their ...

A Ponzi scheme is a fraudulent investment system that pays existing investors with funds collected from new investors. Musk ...