MTFE
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A multilevel marketing scheme that targeted African investors, extracting significant funds before collapsing.
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A timeline of Crypto ponzi scams targeting African Investors since 2016 till date
Bendada.com - Jun 11, 2025
Nigeria reported losses exceeding $2 billion due to cryptocurrency scams since 2016. The CBEX collapse in April 2025 resulted in estimated losses exceeding ₦1 trillion ($650 million).
Chinmark GroupCBEXOneCoinAfricryptMTFE
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