The Securities and Exchange Commission Ghana has issued a public warning about a suspected fraudulent investment scheme operating under the names YEPBIT EXCHANGE and BONCHAT. The regulator said the scheme is soliciting investments from the public, including through digital and crypto-asset platforms, and stated that neither entity is licensed by the commission. The notice urges investors to verify the licensing status of any firm offering investment or trading services before committing funds. It also warns the public to be cautious of promises of unusually high or guaranteed returns, to avoid schemes whose earnings depend mainly on recruiting others, and to report suspicious platforms to the commission.
Securities and Exchange Commission Ghana2026-07-15
Securities and Exchange Commission Ghana warns that YEPBIT EXCHANGE and BONCHAT are unlicensed suspected fraudulent investment schemes
The Securities and Exchange Commission Ghana has warned the public that YEPBIT EXCHANGE and BONCHAT are suspected fraudulent investment schemes and are not licensed by the regulator. The notice highlights solicitation through digital and crypto-asset platforms and urges investors to verify licensing, avoid guaranteed-return and recruitment-based schemes, and report suspicious operators.