A wave of distress has swept through parts of Nigeria as several women have reportedly lost substantial sums of money following the unexpected shutdown of CBEX, a digital investment platform.
CBEX, which attracted numerous users by promising a 100% return on investments within 30 days, operated solely in U.S. dollars and quickly gained popularity due to its high-profit assurances.
However, concerns began to rise when users found themselves unable to withdraw their funds. Many were shocked to discover that their account balances had been wiped out completely, sparking panic and emotional turmoil.
Social media is now awash with heartbreaking videos showing women in tears, sharing how their savings vanished overnight. The emotional toll is evident as they describe their struggles and demand answers.
The incident has triggered a wave of reactions online, with many Nigerians urging for stricter oversight and public education to protect people from falling victim to similar schemes in the future.
There is growing tension among users of CBEX, a popular cryptocurrency and forex trading platform, following reports that the company has emptied the accounts of hundreds of investors without prior notice. CBEX, which gained widespread attention in recent months for its high-yield investment packages and aggressive online marketing, is now…
A group of angry individuals stormed the CBEX office located in the Oke Ado area of Ibadan, Oyo State, on Monday, looting furniture and other items after the digital trading platform reportedly crashed. Eyewitnesses said the mob forcibly entered the premises, carting away tables, couches, and other office equipment. The…
The Securities and Exchange Commission (SEC) has issued a stern warning to Nigerians against transacting with Crypto Bridge Exchange (CBEX), stating that the platform is neither licensed nor registered to operate as a digital asset exchange in the country. In a circular released on Thursday, the capital market regulator clarified…
