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CBEX crypto scam: AI-hyped Ponzi scheme defrauds African investors
CBEX crypto scam: AI-hyped Ponzi scheme defrauds African investors
Economy
by  AFP

Embarrassed and in debt, Edwin was left reeling after losing $16,000 to CryptoBridge Exchange (CBEX), one of the crypto-trading platforms preying on investors in Africa. CBEX collapsed in April, leaving scores of investors like Edwin ruined, mainly in Kenya and Nigeria, according to media reports.