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August 10, 2026 7:49 pm
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Velox 10 Global was described by Bana as an alleged Ponzi scheme that presented itself as a cryptocurrency investment or trading business. According to the report, the operation attracted investors by promoting opportunities linked to digital currencies and promising financial returns on money deposited into the scheme.
Bana reported that the operation later collapsed, leaving investors unable to recover millions of shillings they had committed. Some affected investors reportedly filed complaints at Central Police Station in Nairobi after experiencing losses and difficulties accessing their funds.
The description of Velox 10 Global as a Ponzi scheme is based on Bana’s reporting and the complaints attributed to investors, and should not be treated as a final judicial finding unless established through the relevant legal process. Members of the public should verify cryptocurrency and investment businesses with appropriate regulators before transferring funds or relying on promises of unusually high returns.
No financial loss
Reported 8 May 2026
