CBEX sparks memories of risky investment as the digital asset trading platform comes under intense public scrutiny. The scrutiny follows user withdrawal issues and regulatory warnings. On Monday, April 15, 2025, tensions escalated at the company’s office in Oke Ado, Ibadan, as a large crowd gathered in response to growing concerns.
Eyewitnesses described the scene as chaotic, with frustrated individuals expressing anger over difficulties accessing their funds. Some reports claim that people damaged property, though law enforcement has not yet confirmed any arrests or launched an official investigation.
Concerns about CBEX surfaced weeks ago and intensified after Nigeria’s SEC issued a statement on April 14, confirming the platform lacks registration. The company had reportedly attracted thousands of users by advertising returns of up to 100% within 30 to 35 days.
The recent withdrawal issues with the platform have triggered comparisons on social media to past high-risk investment schemes. While some users compare CBEX to Ponzi schemes, authorities have not yet issued any formal legal determination.
The situation surrounding CBEX continues to unfold, with authorities yet to release an official statement. For many, the platform’s recent troubles evoke concerns reminiscent of past investment failures. As tension builds, investors and the general public are encouraged to stay updated through official regulatory channels.
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