Crypto Events
By Steven Anderson
1 / 11
CBEX, a self-proclaimed digital asset trading platform, has collapsed, leaving thousands of investors across Nigeria and Kenya without their life savings.
2 / 11
CBEX’s sudden downfall occurred in early April 2025 when it blocked users from withdrawing their funds and disabled access to its official Telegram channel.
3 / 11
Prior to the collapse, CBEX had been promising a 30% return on investment within a month. However, many investors found themselves unable to access their funds when they tried to…
4 / 11
The collapse of CBEX has been devastating, with reports suggesting that user funds vanished almost instantly after deposits were made.
5 / 11
Despite suspicions about CBEX’s legitimacy, many people still joined, hoping to cash out early, only to be left with regret.
6 / 11
An in-depth investigation by independent researcher Specter uncovered the operations behind CBEX’s scheme.
7 / 11
The report also revealed that CBEX had employed a technique of delegating energy on the TRON network to avoid high transaction fees, making the process more difficult to trace.
8 / 11
Connections to Other Scams and Darknet Leaks
9 / 11
The investigation further exposed connections between CBEX and other large-scale fraud operations.
10 / 11
Moreover, user KYC data from CBEX may have been leaked to the darknet, raising serious concerns about the security of personal information.
11 / 11
The CBEX collapse serves as a harsh reminder of the dangers of unregulated crypto investments.
The Currency Analytics
Want the full story?