Investors Storm CBEX Office in Ibadan After $847 Million Ponzi Scheme Collapse

Following the collapse of the digital asset trading platform CBEX, which reportedly held an estimated $847 million in investor funds, a mob of angry investors stormed the platform’s office in Ibadan, Nigeria. Videos circulating on social media show protesters forcibly entering the building, taking valuable belongings and leaving behind a scene of destruction. The unrest underscores the devastating impact this Ponzi scheme has had on thousands of Nigerians who invested their life savings with CBEX expecting a guaranteed 100% return within 30 days. 1