CBEX Ponzi Scheme Leaves Nigerian Investors Financially Scarred

A fraudulent investment platform known as CBEX has left Nigerian investors financially vulnerable. The Economic and Financial Crimes Commission (EFCC) is leading the investigation into this alleged Ponzi scheme, with promises of returns proving false. Despite the initial impact on individual investors, major cryptocurrencies like Bitcoin and Ethereum remained largely unaffected. Nigeria’s investment landscape continues to grapple with the fallout from the CBEX operation.