In the latest news of Africa’s encryption: Nigerian encryption companies secure $ 20 million in 2024, when CBEX collapses, leaving victims in the Nigerian and Kenyan Web3 Web3 space. It is estimated that the victims have lost more than $ 800 million, with the greatest impact on Nigeria. Meanwhile, the Wiki Financial Show of Johannesburg was appointed on August 16. Some of the best influencers and founders invited from Justin Sun from Tron.
Nigerian emerging companies are fixed, despite a turbulent year in the largest market in Africa. This evaluation depends on statistics related to the financing of startups. Meanwhile, another encryption platform revealed “very good to be real”, leaving the potential victims in its wake. Finally, the Wiki Financial Show will come to South Africa in August 2025.
Let’s explore these stories that make up the addresses of the Continental encryption for this week.
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Nigeria Crypto News: Web3 companies raised $ 20 million in 2024
A report issued by VC Hashed Emmergent Confirm Blockchain startups in Nigeria raised at least $ 20 million in 2024. The report found that Nigeria represented about 3 % of the global Blockchain developers. Some of them contributed to building Best 1000X encryption projects in 2025.
This number is strong for the industry that faced an unprecedented organizational audit in 2024. The Blockchain scene in Nigeria is closely monitored by the authorities after a general repression campaign on Binance, which raised concerns about a broader campaign.
The amount is slightly lower than 2023, but it still reflects important research and innovation in this market. As the largest encryption market on the continent, Nigeria offers great unpopular potential for the development of encryption.
Nigeria and Kenya Check News: CBEX collapses leaves victims
The list of doubtful encryption platforms, which collapsed, has grown significantly for a longer period last week. CBEX, which she claimed to be an encryption investment platform, Collapse She sank with customer money.
➥ After reactions
The collapse led to widespread anger, to the extent that customers in Istadan and Kenya began to loot from the CBEX office in Oak –
Now people decided to search deeply for information on CBEX
Then they realized that CBEX was not registered pic.twitter.com/q1sciozium
– Invisible
(The_invinc -) April 16, 2025
The platform promised a 100 % amazing return on investment every month, identical to the performance of some Top Solana Meme Coins In the last stage. This claim exceeds that of the legitimate investment platforms and is likely to indicate an unsustainable business model.
CBEX is now facing the allegations of work as a Bonze scheme. Historically, Ponzi charts are luring users using money from new investors to pay the elderly until they reach a critical mass, which leads to a carpet withdrawing as operators disappear with user money.
This model seems to be the cbex story, which affects users in Kenya and Nigeria. The collapse added thousands of users to the unfortunate statistics of coding victims.
South Africa Crypto: Wiki Finance to Johannesburg comes in August
Wiki Finance will be detained In Johannesburg, South Africa, on August 16, 2025, the organizers reserved the Sandton Conference Center for this event, with the aim of hosting the largest Web3 and Fintech event on the continent.
The event expects up to 10,000 participants and will combine thousands of leaders in Web3, Fintech, AI, payment systems and relevant sectors to communicate and share ideas. Among the prominent guests, Justin Sun, from Tron, and social media influencer Mario Noval.
(source)
Blockchain and Fintech Summs Strapts provides international opportunities to enter the growing African market and provide a platform for local project owners to display their ideas on the international stage.
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African encryption news: Nigerian companies flourish with the collapse of CBEX
- Nigeria encryption companies raised $ 20 million in 2024 despite organizational challenges. Last year, Bens CEOs were detained for several months in the country
- CBEX shows the breakdown of the Ponzi chart risk. The company promised 100 % monthly return; An improper suggestion
- The Wiki Financial Show will be held in Johannesburg in mid -August. Justin Sun from Tron is among the prominent guests invited
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