According to CryptoSlate, the Nigerian digital asset trading platform CBEX has been exposed as a Ponzi scheme, causing thousands of investors to suffer heavy losses. Local media estimates the losses to be as high as 13 trillion naira (about 800 million US dollars), but analysis suggests that the actual losses may be as high as 12 million US dollars. CBEX impersonates the "Beijing Stock Exchange of China" and disguises itself as a "poverty alleviation" project through state-owned media, promising a 100% return within 30 days to attract investors, but in reality freezes accounts and restricts withdrawals. Its fund flow is related to Huione Pay, an illegal trading center in Southeast Asia. http://(wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=41016