যাচাই Jachai Mangrove Intelligence

Crypto, forex or trading: warning signs and what to do

What to do

Bangladesh Bank has repeatedly warned that dealing in crypto may breach foreign-exchange and money-laundering laws, so losses are very hard to recover. Guaranteed trading profits do not exist.

Warning signs

How this scam has played out

Crypto "trading platform" Ponzi (the CBEX pattern)

CBEX, an app claiming AI arbitrage trading, promised 100% returns in 30 days, froze withdrawals in April 2025, then demanded an upfront payment before letting people withdraw. Nigeria's SEC put losses at N1.3 trillion from about 600,000 investors and said it could not recover the money.

Source: Vanguard (Apr 2025), SEC Nigeria · Elliptic (2025) · The Daily Star (Aug 2023), MTFE in Bangladesh

Where to check

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Help and helplines

This guide is a warning about a pattern; it does not accuse any particular person or organisation.

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