CBEX Collapse Sparks Outrage as Nigerians Looting Office Amidst Ponzi Scheme Allegations

Nigerians are reeling from the sudden collapse of CBEX, a digital asset trading platform, which has left hundreds of users facing devastating losses. After the exchange announced suspension of withdrawals on April 9th citing a “security breach,” many investors saw their balances plummet to zero, sparking outrage and accusations of Ponzi schemes. Videos circulating on social media platforms show traders in tears after discovering their life savings were wiped out seemingly overnight, further fueling the anger towards the platform.