Tension has gripped Nigerian investors after CBEX, a popular crypto and forex trading platform, reportedly cleared users’ accounts without warning. Many woke up to find their balances—ranging from ₦200,000 to over ₦5 million—reduced to zero, just days before a promised withdrawal date.
The shock move triggered an outpouring of anger, with desperate investors storming and looting the CBEX office in Oke Ado, Ibadan. Viral videos showed people carting away TVs and air conditioners, while social media buzzed with hashtags like #CBEXScam and #JusticeForCBEXInvestors.
CBEX, known for its high-return investment promises, had earlier suspended withdrawals on April 11, assuring users they could access funds by April 15. But the platform has since gone silent, with no explanation offered. The incident has renewed concerns over the safety of online investment schemes in Nigeria.
