Nigerian Authorities Pursue Four Kenyans Over Hacked Cbex Crypto Investors’ hopes for compensation for money lost on a popular cryptocurrency and forex trading platform known as cbex have been dampened amid endless postponements of promised refund. Some kenyan cryptocurrency investors are counting their losses after their digital wallets on cbex were emptied. the incident has raised concerns among regulators and rekindled debate on the need for cryptocurrency regulation in kenya.
Kprcoins Fake Crypto Trading Platform Scammer Posed As Binance Cbex, a digital asset trading platform, allegedly ran a ponzi scheme that left thousands of nigerian and kenyan residents in financial ruin. the platform promised high returns of 100% in 30 days but abruptly collapsed in april 2025, disabling withdrawals and demanding verification fees from users. Kenyans are reeling after cryptocurrency platform cbex disappeared with millions, leaving investors with empty accounts. the trading site had enticed users with promises of 30% monthly. Nigeria’s economic and financial crimes commission (efcc) has launched a manhunt for four kenyans suspected of involvement in an incident in which users lost money on a popular cryptocurrency and forex trading platform known as crypto bridge exchange (cbex). Cbex lured thousands in nigeria and kenya with false 100% returns in 30 days promises, stealing over $800 million via a ponzi scheme. the platform collapsed in april 2025, blocked withdrawals, and demanded fake "verification" fees as victims flooded social media with pleas.
Nigeria Pursues Four Kenyans Over Hacked Cbex Crypto Trade Platform Nigeria’s economic and financial crimes commission (efcc) has launched a manhunt for four kenyans suspected of involvement in an incident in which users lost money on a popular cryptocurrency and forex trading platform known as crypto bridge exchange (cbex). Cbex lured thousands in nigeria and kenya with false 100% returns in 30 days promises, stealing over $800 million via a ponzi scheme. the platform collapsed in april 2025, blocked withdrawals, and demanded fake "verification" fees as victims flooded social media with pleas. Thousands of kenyans have been left devastated by the sudden collapse of cbex, an online trading platform that promised extraordinary returns through “ai powered” crypto trading. The recent collapse of the cbex crypto trading platform, a sophisticated ponzi scheme, has left a trail of financial ruin and shattered dreams. this article delves into the mechanics of the cbex scam, its devastating impact on kenyans, and the lessons learned from this cautionary tale. The economic and financial crimes commission (efcc) has provided reassurance to individuals who invested in the cbex digital trading platform, affirming that their funds will be recovered. The platform collapsed suddenly in early april 2025. cbex disabled withdrawals, shut down its official telegram channel, and demanded users pay a $100–$200 “verification” fee for a chance to recover their funds — widely seen as a last ditch attempt to extract more money from victims.
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