SEC warns public against YEPBIT Exchange, BONCHAT investment schemes
The Securities and Exchange Commission (SEC) cautioned the public against investing with YEPBIT Exchange and BONCHAT on Wednesday, July 15, 2026, in Ghana. The SEC stated in a public notice that "The SEC wishes to alert the General Public to a suspected fraudulent investment scheme operating under the name(s) YEPBIT EXCHANGE and BONCHAT, which is soliciting investments from members of the public, including through digital/crypto-asset platforms. YEPBIT EXCHANGE and BONCHAT are not licensed by the SEC."
Preliminary intelligence indicates that these two entities are soliciting investments from the public, including through digital and crypto-asset platforms, despite not being licensed to operate within Ghana's capital market. The SEC urged investors to verify the licensing status of any investment firm before committing funds and to be cautious of platforms promising unusually high or guaranteed returns. The Commission also warned against schemes where participants earn mainly by recruiting new members.
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The Securities and Exchange Commission (SEC) has issued a public warning regarding two digital investment platforms, YEPBIT Exchange and BONCHAT.
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