Watch video: Angry youths loot CBEX office after losing money to alleged Ponzi scheme

• Angry youths who person invested successful CBEX stormed the Ibadan bureau pursuing the clang of the platform
• The CBEX investors forcibly entered the premises and carted distant invaluable items from the office
• It was gathered that galore users were allegedly near with zero equilibrium successful their accounts aft the level crashed

Legit.ng journalist, Adekunle Dada has implicit 8 years of acquisition covering metro, authorities policy, and planetary issues

Ibadan, Oyo state - A radical of aggravated youths stormed the bureau of CBEX Investment astatine the Oke Ado country of Ibadan, Oyo State capital, and looted items aft the trading level crashed.

In a trending video, the youths were seen carrying items, including an aerial conditioner, a fan, and different valuables.

CBEX investors loot Ibadan bureau aft losing money. Photo credit: @drpenking
Source: Twitter

The aggravated youths besides removed CBEX bureau glasses.

According to The Punch, eyewitnesses said the aggravated youths forcibly entered the premises and carted distant tables, couches, and different bureau equipment.

The onslaught is believed to person been triggered by the abrupt illness of the platform.

The clang allegedly near galore users with zero equilibrium successful their accounts.

What’s CBEX

CBEX is simply a integer trading plus level that gives investors a 100% instrumentality connected concern successful 30 days.

The trading level describes itself arsenic the starring crypto speech that helps investors commercialized with 99.9% accuracy utilizing AI technology.

“I suffer 450,000 naira” - investor

As reported by BBC Pidgin, 1 investor, simply identified arsenic Ola, said helium invested successful CBEX due to the fact that helium did not privation to walk the money.

Ola said helium invested 450,000 naira successful the scheme, but aft making a profit, his person who introduced him told him to wait.

"I was acceptable to instrumentality everything I request past week, but the aforesaid person told maine to beryllium diligent until yesterday erstwhile the clang happened."

CBEX collapses, traps trillions of naira

Earlier, Legit.ng reported that aft days of trending connected societal media, CBEX, an concern platform, allegedly crashed .

Trillions of naira belonging to investors successful respective countries person been trapped connected the platform.

While immoderate Nigerians are lamenting connected societal media, immoderate are said to person deed the streets, looting the CBEX office.

CBEX crash: Catholic clergyman makes reflection

Legit.ng also reported that a Nigerian Catholic clergyman shared his reflection astir the alleged crash of CBEX, a integer assets trending platform.

Reverend Father Kelvin Ugwu, a Nigerian clergyman who is connected a ngo to the Gambia, said radical bash not privation to beryllium told the truth.

His comments travel arsenic radical are alleging connected societal media that Cbex has crashed and that investors' funds are trapped.

SEC bans unregistered online trading/investment platforms

In related news, Legit.ng reported that the national authorities took a decisive measurement to fortify marketplace oversight with the recently signed ISA 2025.

Legit.ng reported that 1 of the provisions outlaws online overseas speech (forex) trading platforms and different online exchanges, that are not registered oregon regulated by the SEC.

This is simply a determination aimed astatine protecting Nigerian investors successful the online abstraction and curbing marketplace abuses arsenic integer trading and crypto concern proceed to turn successful Nigeria.

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Source: Legit.ng