Prime

Hopes fade for Kenyans seeking refunds from hacked crypto trading platform

The typical cryptocurrency user in Kenya is under 40 years old and primarily invests in Bitcoin, Ethereum, and USDT, which are the top cryptos globally.

Photo credit: Shutterstock

By  Allan Odhiambo

Business Editor

Nation Media Group

Investors’ hopes for compensation for money lost on a popular cryptocurrency and forex trading platform known as CBEX have been dampened amid endless postponements of promised refund dates.

Some Kenyans whose accounts on the CBEX platform were wiped out about 10 days ago were initially promised refunds from April 19, 2025, only for the compensation plan to be pushed back by two months to June 2025.

Related

PAYE Tax Calculator

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

Get it First!

Stay up to date on the editors' picks of the week.

Latest

  1. PRIME IRA limits buying of foreign reinsurance

  2. PRIME Counties leave Sh100bn idle as development projects stall

  3. PRIME ‘I never borrow or lend money’: The CEO shaped by his father’s lessons

  4. PRIME Digital traffic attacks on Kenyan websites surge 114pc in a year

In the headlines

View All