AI-hyped Ponzi scheme defrauds African investors
Following CBEX’s collapse, Kenya’s Capital Markets Authority issued an ‘Investor Alert’ about unregulated platforms. 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. Edwin, a Kenyan government worker who only gave his first name out of shame, first encountered