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Nigerian investors blindsided by massive CBEX Ponzi scheme

Leave a Comment / CBEX, china, Crime, crypto, Featured, Nigeria, Ponzi, Scams / best time

Thousands of Nigerians have lost millions to a fraudulent digital asset trading platform, CBEX, which operated as a Ponzi scheme. Early reports from local media outlets placed total investor losses at ₦1.3 trillion (approximately $800 million), with the funds allegedly sitting in a Tron wallet believed to be associated with CBEX. However, CryptoSlate’s analysis suggests […]

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$2.5M Crypto Scheme Busted: Nigerian Suspect Tracked to US Custody

Leave a Comment / Fraud, Legal, Nigeria, United States US / best time

A globe-spanning crypto romance scam that funneled $2.5 million through digital wallets has unraveled, exposing a mastermind now staring down 40 years behind bars. Feds Hunt Down Suspect in $2.5M Crypto Scam—Now He Faces 40 Years in Prison The U.S. Department of Justice (DOJ) announced on April 9 that a Nigerian man has been charged

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Nigeria Alleges Binance Facilitated Terrorism, Kidnapping Funding

Leave a Comment / Africa, Binance, Nigeria / best time

Nigeria’s government has accused Binance of facilitating terrorism and kidnapping financing through illicit fund transfers on its cryptocurrency exchange platform. Binance Faces Increasing Legal Challenges in Nigeria Prior to the Nigerian government’s crackdown on Binance, kidnapping gangs and terrorists funneled illicit funds through the cryptocurrency exchange, Information Minister Alhaji Mohammed Idris recently stated. Idris said

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Nigeria Reaffirms Openness to Crypto Amidst Legal Troubles With Binance

Leave a Comment / Binance, Crypto Market, crypto regulation, Nigeria, Nigerian Minister, Tigran Gambrayan / best time

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Nigerian government has expressed its acceptance of the crypto industry despite ongoing legal battles with the Binance exchange. The West African nation has described the recent clashes with the world’s largest exchange as efforts to strengthen its regulatory environment. Binance Crackdown

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