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Chaos erupted over the weekend as CBEX, a widely known cryptocurrency and forex trading platform, reportedly wiped out the accounts of hundreds of its investors.
According to Naija News, users began noticing the issue when they logged in and saw their balances at zero—days before a previously promised April 15 withdrawal date.
CBEX had suspended all withdrawals on April 11, assuring users they could access funds by April 15. That promise now seems broken.
The platform, popular for its high-yield investment offers and aggressive online campaigns, has not issued any formal communication about the missing funds.
Many affected individuals say they are financially stranded. Investments lost range from ₦200,000 to well over ₦5 million.
One victim, Kunle Adewola, told Nigerian Tribune, “I thought it was a glitch at first. But when I tried to withdraw and got an error message, I knew something was wrong. My entire savings is gone.”
Frustration boiled over in Oke Ado, Ibadan, where residents stormed the company’s office. Videos now circulating online show looters carting away items including televisions and air conditioners.
Angry posts flooded X (formerly Twitter), where the hashtags #CBEXScam and #JusticeForCBEXInvestors quickly started trending.
A user named @r2kizzmusic tweeted, “So I was invited to CBEX all in the name of making enough money to push my unreleased song Alhamdullilah, which I have been begging @Zlatan_Ibile for a verse—only to wake up today and discover that all my $4000 is gone… at this point I am lost.”
Others made jokes to cope, while many begged for help or vented their anger. Some called on friends and family to check on those involved with CBEX.
So far, the platform remains silent. Investors continue searching for answers—and hoping for a way to recover their losses.
Article updated 2 weeks ago. Content is written and modified by multiple authors.
