Ponzi Scheme: Tears Flow as Nigerian Women Lose Millions to Crashed CBEX Digital Trading Platform [Video]

Several Nigerian women have been left devastated after reportedly losing large sums of money to CBEX, a digital trading platform that has allegedly crashed.

According to multiple online reports, the platform’s users began experiencing issues with withdrawals before eventually discovering their account balances had been wiped to zero. The sudden crash has sparked widespread concern and emotional reactions from affected investors.

Gists9ja reports that CBEX promoted itself as a high-yield investment platform, promising investors a 100% return on investment within just one month. The platform operated solely in U.S. dollars, luring many with the appeal of fast, foreign-currency returns.

Among the victims were two women who appeared in a trending video, emotionally recounting their experience. One of them said she had only recently signed up for the platform before it went down taking her money with it.

Social media has since been flooded with reactions, with many expressing a mix of sympathy, criticism, and warnings to others. While some empathized with the victims, others pointed out the dangers of get-rich-quick schemes.

Here are some reactions from netizens:

@pridecrib: “Why is she laughing at others’ predicament? Not fair. I just hope this teaches others a lesson. Stop chasing fast money. Greed and imagination can ruin your life.”
@Mrlekan213: “This first girl no fit make heaven. Her heaven na view once.”
@r0timi_jnr: “Me wey dey think of investing on CBEX…”
@Dominionpros: “Only a greedy person will invest in this kind of scam. Nigerians never learn. Always looking for shortcuts.”
@baddest_cash: “You didn’t learn anything from MMM and others? Now CBEX has crashed, and people have lost fortunes again.”

The CBEX incident serves as another cautionary tale in a long line of fraudulent investment schemes targeting unsuspecting Nigerians. Experts advise that individuals conduct due diligence before committing money to any online investment platform, especially those offering unrealistically high returns.

Watch the video below…