CBEX Crash and Implications For Investing in Nigeria l Drinks And Mics

Africa Crypto News: Nigeria Firms Thriving As CBEX Collapses

In the latest Africa crypto news: Nigerian crypto firms secure $20M in 2024 as CBEX collapses leave victims in the Nigerian and Kenyan web3 space. It is estimated that victims lost over $800 million, with the most impact felt in Nigeria. Meanwhile, the Wiki Finance Expo is set for Johannesburg on August 16. Some top crypto influencers and founders invited include Justin Sun of Tron. Nigerian crypto startups are holding steady despite a turbulent…

CBEX Crash and Implications For Investing in Nigeria l Drinks And Mics

On this episode of Drinks & Mics, your favourite duo Tunji Andrews and Arnold Dublin-Green are back at the bar, and this time, they’re not alone. They’re joined by two heavyweights in Nigeria’s financial space, Zeal Akaraiwe, CEO of Graeme Blaque Advisory, and Victor Aluyi an Investment Manager for a no-holds-barred conversation. From the get-go, […] The post CBEX Crash and Implications For Investing in Nigeria l Drinks And Mics appeared first o…

Crash of CBEX: Another Ponzi Tragedy for Nigerians

For the umpteenth time, many Nigerian investors have been thrown into pains and anguish as a result of the sudden crash of a digital assets trading platform—CryptoBank Exchange (CBEX)—widely believed to be a Ponzi scheme. Over the years, not a few of such illegal digital platforms had sprung up, swindled unwary Nigerian investors; and left them losing huge sums in the deal. A Ponzi scheme is a type of investment scam where returns are paid to ex…

Financial Literacy in the Digital Age: Lessons from the CBEX Scam - Innovation Village | Technology, Product Reviews, Business

In the wake of Nigeria’s latest investment scandal, CBEX, a so-called trading platform that trapped thousands of Nigerians with the promise of 100% monthly returns, only to disappoint them on a nationwide scale, one thing is clear: financial literacy is no longer optional. As digital platforms continue to change how Africans earn, save, and invest, a lack of foundational knowledge will continue to loop us into alluring scams like CBEX. Luckily, …