Angry investors storm CBEX office in Ibadan following platform crash

Nigerians fear savings lost as investment app freezes them out

Angry Nigerians are turning to social media to describe how they have been locked out of their accounts on the digital financial platform, CBEX.People have posted videos of themselves crying, saying that they could not withdraw their investments and worried that their money had gone.Some furious customers ransacked a CBEX office in the south-west city of Ibadan, carting off chairs, air-conditioners and a solar panel. CBEX has not yet publicly co…

Angry investors storm CBEX office in Ibadan following platform crash

The attack is believed to have been triggered by the sudden collapse of the platform, which allegedly left many users with zero balance.

Nigerian lady amused as angry neighbour sets her CBEX materials on fire, video generates buzz

A Nigerian lady was amused as she spotted her angry neighbour setting all her CBEX materials on fire. She shared a video of her neighbour who had also invested.

Frustrated Investors Ransack CBEX Office in Ibadan After Trading Platform Collapses - Blackbox Nigeria

Ghazali Ibrahim Chaos erupted in the Oke Ado area of Ibadan on Monday as a group of angry investors stormed the office of CBEX, a digital trading platform, following reports that the platform had suddenly crashed, wiping out users’ account balances. BlackBox Nigeria earlier reported that the crypto platform crashed two days after journalist Chukwudi Iwuchukwu publicly raised alarm over there operations. After the crash, reports shows that many N…

CBEX: Angry Investors Loot Ibadan Office

Tensions boiled over in Ibadan, the Oyo State capital, as angry individuals, believed to be investors, stormed and looted the office of Smart Treasure (ST Team), a subsidiary of the CBEX cryptocurrency trading platform, located in the Oke Ado area. Viral videos shared on social media showed the scene as dozens of people forcefully gained entrance into the premises, making away with office equipment, including air conditioners and furniture. Whil…

Angry investors loot CBEX office in Ibadan amid $847 million Ponzi scheme collapse

Chaos erupted in the Oke Ado area of Ibadan, Oyo State, as furious investors stormed and looted the office of CBEX. The digital asset trading platform was exposed as a Ponzi scheme that collapsed with an estimated $847 million in investor funds. The violent outburst followed reports that user accounts were wiped clean, leaving thousands of Nigerians who had poured their savings into the platform devastated and desperate for answers. Videos circu…