Have you lost money? What to do next

Have you lost money? What to do next (Photo: iStock)

Losing a significant amount of money, whether through an investment gone wrong, a sophisticated scam, or an unforeseen business collapse, is more than just a financial setback. It's a deeply unsettling event that can shake one's confidence and sense of security to the core. We won't even discuss high blood pressure and ulcers; that's a story for another day.

From shared stories, you'll quickly realise that, unfortunately, most of us are not immune to schemes that prey on our hope and trust. Take, for instance, reports that emerged early this year regarding a cryptocurrency investment platform called CBEX. It lured investors in Kenya and other African countries with promises of exceptionally high monthly returns, often claiming to use advanced AI for trading signals.