Just In: Tension rises as CBEX empties investors’ accounts

There is growing tension among users of CBEX, a popular cryptocurrency and forex trading platform, following reports that the company has emptied the accounts of hundreds of investors without prior notice.

CBEX, which gained widespread attention in recent months for its high-yield investment packages and aggressive online marketing, is now at the center of what appears to be a major investment scam. The development has left many Nigerians devastated and financially stranded.

Multiple users who spoke to our correspondent revealed that they logged into their CBEX dashboards over the weekend only to discover that their account balances had been wiped out, with no explanation or prior communication from the platform’s administrators. Some investors claimed to have committed amounts ranging from ₦200,000 to over ₦5 million.

“I thought it was a glitch at first,” said Kunle Adewola, a tech expert. “But when I tried to withdraw and got an error message, I knew something was wrong. My entire savings is gone.”

The incident comes just hours before the anticipated withdrawal date of April 15, which CBEX had earlier promised investors after suspending all withdrawals on April 11.

Reactions have flooded social media platform X (formerly Twitter), with users sharing complaints, screenshots, and rallying around hashtags like #CBEXScam and #JusticeForCBEXInvestors.

Twitter user @DaddyGO4825 wrote,
“Cbex finally crashed. Check your account AI trade all. Millions of money gone. This is so sad. Sorry for the lose.”

Another user, @purity_gifts, tweeted,
“Let me go and take antibiotics to cure this #CBEX scam headache… My dream car will have to wait.”

@the_cruisetv commented,
“If you know anyone doing CBEX please hold them tight, they are going through a lot rn. Where’s that Aunty 15th of April? ”

User @r2kizzmusic shared,
“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 dollars is gone at this point I am lost.”