The Nigeria Financial Intelligence Unit (NFIU) has offered an insight into how Crypto Bridge Exchange (CBEX), Chinmark Group ...

The crypto market is navigating cautiously, with top tokens showing mixed momentum. Bitcoin and Ethereum are slightly down by ...

Cryptocurrency has changed the way many of us interact with money, and betting is no exception. According to Chainalysis 2023 ...

The product allows BTC holders to earn yields while adhering to Islamic finance principles, expanding opportunities for ...

CBEX had presented itself as a secure and transparent digital trading platform, but its sudden disappearance has left investors counting heavy losses in what is now considered one of Nigeria’s ...

Zero transaction fees, better deposit bonuses, and instant payouts are just some of Bitcoin casinos’ main advantages over ...

The CBEX crash underscores the risks of investing in unregulated digital platforms and serves as a stark warning for investors chasing unrealistic returns in the volatile world of cryptocurrency.

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).

CBEX lured thousands in Nigeria and Kenya with false 100% returns in 30 days ... Investigators traced CBEX’s crypto flows through TRON, linking it to Huione Pay and exposing ties to a larger scam ...

Operating without a licence in Nigeria Despite its wide reach ... blockchain movements say funds were traced to a specific Tron wallet. Taiwo Owolabi, a Nigerian crypto security expert, said ...

According to Specter’s report, CBEX used the TRON blockchain to route victims’ funds through ... but for many victims in Nigeria and Kenya, the damage is already done.

Instead, deposits were redirected into a TRX (Tron) wallet, then swiftly converted into USDT and ... In the aftermath, CBEX’s disappearance is being counted among the largest digital scams Nigeria has ...