CBEX’s Biggest Losers Released as Losses Exceed N2 Trillion, EFCC Speaks on Recovery Efforts

Nigeria’s Web3 ecosystem shines; SEC criticized over CBEX scam

The report revealed that in 2024, Nigeria’s Web3 ecosystem raised $20M, a 10% dip from the year prior, with finance and infrastructure topping the charts. The post Nigeria’s Web3 ecosystem shines; SEC criticized over CBEX scam appeared first on CoinGeek.

Nigeria: Over N2 Trillion In Investor Funds Lost Through CBEX

By Ebi Kesiena Nigerian investors are still struggling with the reality from the collapse of a digital investment platform, CBEX, which is alleged to have defrauded thousands of individuals of more than N2 trillion. The platform, which operated under the guise of a legitimate business across Lagos, Abuja, and Oyo states, suddenly folded last week, wiping out over $850 million in investor savings and sparking outrage across several sectors, espec…

CBEX’s Biggest Losers Released as Losses Exceed N2 Trillion, EFCC Speaks on Recovery Efforts

A recent finding has shown that oil and gas investors were among the biggest losers of the recently collapsed CBEX, as losses now surpass N2 trillion.