41 h. ago CBEX: Investors hospitalised following trading platform crash

Over 27 people are reportedly receiving treatment in various hospitals after digital asset trading platform CBEX crashed earlier this week. Nigerians who invested in CBEX continue to bemoan their losses after the Ponzi scheme allegedly swept more than N1.3 trillion from investors’ accounts on Monday. One of the victims named Sherif Latifu, who resides in […] The post CBEX: Investors hospitalised following trading platform crash appeared first on The Sun Nigeria.

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61 h. ago CBEX crash: All you need to know about the Ponzi scheme that duped Nigerians

On Tuesday, the digital investment platform CBEX suddenly collapsed, with reports indicating that investors incurred losses amounting to over N1.3 trillion. The incident has sparked widespread reactions, with users expressing frustration, criticism, and concern. Many stormed the CBEX office in Oyo State to destroy their belongings. PUNCH Online has compiled a list of things you Read More

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63 h. ago N1.3trn CBEX Scam: We Warned Nigerians Against Ponzi Schemes, Says EFCC

The Economic and Financial Crimes Commission (EFCC) has reiterated its warnings to Nigerians about the dangers of Ponzi schemes, following the collapse of digital investment platform CryptoBank Exchange (CBEX), which has reportedly defrauded investors of over N1.3 trillion. Speaking on Channels Television’s breakfast show – ‘The Morning Brief’ – on Wednesday, EFCC spokesperson, Dele Oyewale, […]

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66 h. ago From MMM to CBEX: Timeline of Ponzi schemes that have duped Nigerians

Over the years, Nigerians have fallen victim to a series of Ponzi schemes that promised quick riches but ended in devastating losses. From the infamous Mavrodi Mundial Moneybox, popularly known as MMM that crashed in 2016, leaving millions of investors stranded, to the recent collapse of CBEX and other crypto-based platforms, the allure of high Read More

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3 d. ago Investors besiege CBEX Lagos, Ibadan offices over missing funds

The office of Crypto Bridge Exchange Smart-Treasures, widely known as CBEX, located at Seliat Bus Stop in the Egbeda-Idimu area of Lagos State, was swarmed on Tuesday by aggrieved investors following the sudden disappearance of their funds from the CBEX trading app. PUNCH Metro gathered that CBEX was advertised as an artificial intelligence-powered cryptocurrency trading Read More

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3 d. ago Investors rage: Police, Amotekun take over CBEX office in Oyo

Members of the Nigeria Police and Western Nigeria Security Network, codenamed Operation Amotekun, took over the CBEX office at Oke-Ado in Ibadan, Oyo State, on Tuesday. This action followed the invasion of the online financial platform by some customers on Monday evening, allegedly over the loss of investments running into millions of naira. Our correspondent’s Read More

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3 d. ago 27 Investors ‘Hospitalised’ Over CBEX Trading Platform Crash In Oyo

No fewer than 27 persons have reportedly been hospitalised following the crash of a digital digital asset trading platform, known as CBEX in Oyo State. Nigerians who subscribed to what is now regarded as a Ponzi scheme took to their various social media platforms to lament their losses after CBEX allegedly swept over N1.3 trillion […]

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3 d. ago Angry Youths Storm, Loot CBEX Office In Ibadan Following Platform Crash (Video)

Some angry residents of Oke Ado have invaded CBEX office located in Ibadan, Oyo State, looting furniture and other valuable items after the digital trading platform reportedly crashed. It was gathered that the youths in their numbers, were spotted in a video circulating online, invading the building of the ponzi scheme organization. They were seen […] The post Angry Youths Storm, Loot CBEX Office In Ibadan Following Platform Crash (Video) appeared first on Information Nigeria.

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3 d. ago Can Nigerians still withdraw their money on CBEX? — What you need to know

Nigerians on several social media platforms have begun to count their losses as a digital asset trading platform popularly known as CBEX reportedly swept over N1.3 trillion from their investors’ accounts. The digital trading platform crashed on Monday after the money in their investors’ wallets vanished. CBEX also locked its telegram channels and postponed its Read More

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3 d. ago VIDEO: Angry investors storm CBEX office in Ibadan following platform crash

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 attack is believed to have Read More

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