#CryptoScam - Web3Africa

Locked Accounts, Vanished Funds—CBEX’s Dirty Secrets Revealed

KenMichaelsApril 22, 2025April 23, 2025013 mins

CBEX Ponzi scheme collapsed in April 2025, trapping thousands of Nigerian and Kenyan investors. EFCC crypto scam investigation is now in full swing, with global agencies like the FBI and Interpol involved. Exploiting economic hardships, an AI-powered trading scam Kenya narrative lured victims with unrealistic returns. Cryptocurrency is among the most lucrative ventures today, possibly…

MMM Krypto Unmasked: The Crypto Ponzi Following a Deadly Blueprint

KenMichaelsJanuary 28, 2024December 16, 2025013 mins

TL;DR, South Africa’s FSCA warned against MMM Krypto, an unlicensed crypto scheme promising 24-36% monthly returns through aggressive social media campaigns. The scheme follows the blueprint of MMM Global, which defrauded millions across Nigeria, Zimbabwe, and Russia, causing billions in losses. Using USDT transfers and a “mutual aid” facade, the platform requires participants…