The human heart is made of stone, and as Nigerians, we have stubborn traits embedded in us that keep us repeating the same thing after being warned and punished severely. The trend of Ponzi scheme didn’t start today, but from the days of MMM to CBEX now, the issue persists. The perpetrators present these schemes to us by rebranding and …

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 withdrawals while giving investors the …

The Economic and Financial Crimes Commission (EFCC) has launched an investigation into the alleged N1.3 trillion frauds perpetrated through a digital investment platform, CryptoBank Exchange (CBEX). CBEX, operated by a group of foreign nationals in collaboration with their Nigerian partners, reportedly collapsed on Monday, leaving thousands of investors stranded and unable to access their funds. The EFCC spokesman, Dele Oyewale, …