The senate expressed shock that CBEX operated unchecked for months despite its large-scale activities and online visibility, with no timely intervention from regulatory agencies. The senate has launched a full-scale investigation into the alarming rise of ponzi schemes across Nigeria, following the collapse of the controversial Crypto Bullion Exchange (CBEX), which allegedly defrauded investors of over ₦1.3 trillion. This followed the adoption of a motion titled “Investigative hearing into the operations of Ponzi schemes in...