CBEX crypto scam: AI-hyped Ponzi scheme defrauds African investorsTue, 01 Jul 2025 05:50:45 GMT
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 CBEX on Telegram, a messaging app. He was lured with promises of guaranteed monthly returns made …