Is CBEX.cx Suspicious? Examining the Claims of a Ponzi Scheme

CBEX.cx has become a point of contention in the crypto community after its withdrawal function was suspended today, sparking widespread customer complaints. The platform launched in Nigeria late 2024 despite claiming to have existed since 2017, a timeline contradicted by its website registration and distinct identity from the legitimate China Beijing Equity Exchange (cbex.com.cn). Initial claims of leveraging AI-driven trading to offer a 100% ROI in just 30 days, facilitated by a referral system, have raised eyebrows. This is despite lacking affiliation with accredited financial institutions and having a website that mimics the look and feel of established exchanges like ByBit.