CBEKS CRIPTO COLLAPSE SPARKS SOCIAL MEDIA OUTRAGE ADIDST PONZI cited

Nigerians robbed the office of digital means of trading, CBEX after hundreds of users saw their account to see the balance on zero after the collapse of exchange.

According to a report BBC Pidgin, investors reportedly failed to withdraw funds after exchange It has been announced that 9. April suspend the withdrawal, the platform stated “Violation of Security” and promised to the beneficiaries full of return to the damage until 15. April. April However, many merchants have seen balanced accounts fell on zero after suspension.

Videos on social media growth showed traders in tears after they find out that they lost all the funds after depositing their CBEX accounts. Many of them claimed that they had built a life savings in the platform, just to stay devastated after all their money seemingly spent overnight.

“Guys said I should check the balance now. A zero balance, there’s nothing there. I think I just did two weeks ago” ” Nigerian The merchant in the video, which allegedly lost 8.7 million naires on the platform or is $ 5.432.

The exchange allegedly closed all its telegrams of the group and wiped the user’s balance. As a result, a group of angry Nigerian traders is on Cbex Office in Oka Ado Ado Ado Ado Ibadan and started robbery.

In a video Circle on social media, angry mafia was seen, which were taken by the offices, including air conditioners, glass windows and other valuables.

In the light of the incident, Nigerian Securities and exchange office commission They warned citizens about risks around unregulated digital platforms and potential Ponzi Scheme.

Despite not mentioning CBEX named, the director of the EMOMOTIIMA agama sector alluded to the controversy about the “particular platform” and clarified that it was not registered with the Sec. Therefore, it was illegal in the region.

Moreover, he explained that SEC is now responsible for researching and excluding unlicensed digital trade platforms, as well as processing the impact and known persons who support suspicious schemes of suspected suspicious money.

It is also important to note that this is not the first time that CBEX was marked as suspicious by the financial authorities.

Return in April 2024. year, Hong Kong Hong Kong and Futures Commission declared CBEX as a suspicious trading platform. This is due to the fact that many local investors appealed difficulties in laying crypto funds from the platform.

“Subum suspected that he cheated investors with false receptacles for withdrawal,” he said SFC.

Further investigation of SFC revealed that the merchant platform retained a digital property permit on their website, does not hold the relevant permission for digital assets in Canada, where he claims to be based or in her Japanese branch.

How does CBEKS Group work?

CBEX promotes as a platform for trading in cryptocurrency that uses artificial intelligence to generate profit for investors. She received popularity at the end of 2024. Because he promised traders 100%, he returned within only one month after landing funds. It led investors to believe that their funds will doubles in just 30 days.

The platform allegedly accepts only deposits in US dollars. Its elegant website interface also reminded of those from the established cropto exchange, which seemed legitimate. Its bonus system based on this basis provided current users to invite their friends, families and colleagues to register and platform, drawing into multiple users.

“With CBEX, you never have to worry about volatility. Join us today and let you handle your trading for you,” CBEK wrote on their K accountwho currently has more than 3,000 followers.

By February 2025. years, users in forums Nairaland He began expressing concern about the way in which the CBEK model was on other historical ponzio schemes such as MMM, which crashed in 2016. years.

Until April, the platform surgery came under intense attention after the withdrawal suspensions report, which caused panic among merchants who discovered that their funds were locked in the system.