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Before They Eat You and Your Money: How to Detect Ponzi Scheme Swindlers Disguised as Online Investors.
More-Honourable EYEBAMI VICTOR 🧠 Background: Understanding the WordsLet’s begin with a few key definitions:Swindle: to cheat or trick someone into giving away money or property.Swindler: a fraudster who deceives others to get their money.Ponzi Scheme: a fake investment plan that pays early investors with money from new ones—until it crashes.Scammer: someone who creates false hope through lies to…
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Breaking News: Names, Faces Behind CBEX Finally Exposed | See Now
What many saw as a fast track to wealth has ended in financial ruin for thousands of Nigerians who invested in CryptoBridge Exchange (CBEX), a now-defunct cryptocurrency investment scheme. The fraudulent platform, which masqueraded as a legitimate digital asset exchange, reportedly collapsed in April, locking out investors and vanishing with an estimated N1.3 trillion. Early signs of the…
CBEX Misled Nigerians With Fake Canadian Ties, Stolen Identity Of Chinese Govt
A wave of grief and outrage has swept across Nigeria as many citizens express sorrow over massive financial losses tied to CBEX, a suspected Ponzi scheme that once posed as a cryptocurrency trading platform. According to a report by SaharaReporters, the company’s office in Ibadan, Oyo State, was stormed on Monday evening by enraged investors who looted tables, chairs, and other equipment…
Nigerian Man Exposes CBEX Scam in Viral Video, Labels It "Senior Yahoo" — (SEE FULL VIDEO)
A Nigerian man has sparked nationwide attention after releasing a viral video exposing what he describes as a fraudulent scheme operated by CBEX, a platform allegedly luring unsuspecting Nigerians into a money-doubling scam. In the now widely shared clip, the man boldly tags the scheme as “Senior Yahoo,” a local slang referring to advanced internet fraud. With a tone of urgency and frustration,…

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EFCC Probes ₦1.3 Trillion Crypto Fraud as CBEX Collapses — ( SEE RESULTS)
The Economic and Financial Crimes Commission (EFCC) has launched an in-depth investigation into an alleged ₦1.3 trillion fraud linked to CryptoBank Exchange (CBEX), a cryptocurrency investment platform that suddenly shut down earlier this week, leaving thousands of Nigerian investors devastated. CBEX, a digital trading outlet, reportedly ceased operations on Monday, April 14, 2025. The platform…
CBEX Ponzi Scheme Crash: 5 Things Nigerians Must Learn from it
The recent crash of the CBEX Trading platform in Nigeria has once again raised concerns about the growing number of Ponzi schemes disguised as investment opportunities. Thousands of Nigerians have lost their hard-earned money overnight. While the pain is real and deep, there are important lessons we can learn from this unfortunate event. Below are five key things every Nigerian must understand…
ST Team Urges Calm Amid Temporary Withdrawal Restrictions on CBEX Platform
The ST Team, widely recognized as the most reliable signal provider for CBEX, has appealed to its investors to remain calm following temporary restrictions placed on the platform’s withdrawal system. The reassurance came from Mr. Trust Oturudo, Regional Head of the ST Team, Lagos, Nigeria, in an official message addressing recent developments and outlining the team’s future plans. “I trust you…