CBEX, a digital trading platform that promised users a 100% return on investment within a month, has reportedly collapsed, leaving many Nigerian investors, particularly women, in distress. Numerous users have reported being unable to withdraw their funds, with account balances reduced to zero. Videos circulating online show women breaking down in tears over their losses. CONTINUE READING
The platform, which operated primarily through Telegram groups, has reportedly locked these groups, further fueling concerns about its legitimacy. CBEX’s sudden shutdown has drawn comparisons to previous Ponzi schemes, with many victims expressing regret over their investments.
As of now, there has been no official statement from Nigerian regulatory authorities regarding CBEX’s operations. However, the incident serves as a stark reminder of the risks associated with high-yield investment platforms.…CONTINUE READING
For a deeper understanding of CBEX’s operations and the risks involved, you can watch the following video:
