Kenyans lose millions in popular crypto trading platform

Users of the CBEX platform in Kenya are counting their losses after their cryptocurrency accounts were wiped out over the weekend.

Photo credit: Shutterstock

A section of Kenyans using a popular cryptocurrency and forex trading platform known as CBEX have lost their fortunes after their accounts were emptied.

CBEX had captured the attention of many Kenyan and West African users in recent weeks with promises of AI-powered super profits, lucrative referral bonuses and easy withdrawals. Investors had been promised returns of up to 30 percent in just 30 days.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.