Nigeria’s anti-graft agency shares PHOTOs of four Kenyans wanted over Ksh108 billion CBEX crypto scam!

Wednesday, April 30,
2025 - Nigeria’s anti-corruption agency, the Economic and Financial Crimes
Commission (EFCC), has named four Kenyan nationals as prime suspects in a
massive online fraud linked to the now-defunct Crypto Bridge Exchange (CBEX).
In a public notice, the EFCC identified three Kenyan men and
one woman as foreign accomplices in the scam that defrauded investors in
Nigeria, Kenya, and Egypt of more than $840 million (approximately Ksh108
“The public is hereby notified that the persons whose
photographs appear below are suspected foreign accomplices wanted by the
Economic and Financial Crimes Commission (EFCC) for fraud allegedly perpetrated
on an online trading platform called Crypto Bridge Exchange (CBEX),” the
statement read.
The platform had presented itself as a legitimate
cryptocurrency investment venture but was later exposed as a ponzi
Such schemes use funds from new investors to pay earlier
ones, rather than generating genuine returns, and typically collapse once new
investments dry up.
The agency has vowed to pursue justice for the many victims
affected by one of the region’s largest crypto-related frauds.
The Kenyan DAILY POST