"CBEX": A cryptocurrency scam that led to financial destruction for many Africans😲😲, especially in Nigeria and Kenya😔😔.
#BSCMemeCoins The platform promised unrealistically high returns of up to 100% on USDT deposits, disguising itself as a legitimate investment platform supported by artificial intelligence.
#REX-OSPREYSolanaETF CBEX turned into a massive Ponzi scheme, relying on the funds of new investors to pay the profits of older investors.
#WCTonBinance After attracting thousands of victims who invested their life savings and even borrowed money, the platform suddenly collapsed in April 2025, leaving behind losses estimated in the hundreds of millions of dollars.
#StrategyBTCPurchase Despite being banned by authorities such as the Economic and Financial Crimes Commission (EFCC) in Nigeria, CBEX returned to target new victims. A court in Abuja issued arrest warrants for six individuals involved in this fraudulent operation.
#OneBigBeautifulBill The CBEX case highlights the urgent need for awareness and caution among investors, especially in emerging economies, regarding exaggerated promises and unregulated investments in the cryptocurrency market😔😔.