July 1, 2025

hitech

Crypto

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

Read More
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent. View more
Accept
Decline