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Home Crime

CBEX: Nigerian Women Wails After Allegedly Losing Millions To Crashed Ponzi

Ifeanyi Uzoechiena by Ifeanyi Uzoechiena
April 15, 2025
in Crime, Featured
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CBEX: Nigerian Women Wails After Allegedly Losing Millions To Crashed Ponzi
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Several Nigerian women have been seen breaking down in tears after reportedly losing millions of naira to CBEX, a digital trading platform that recently crashed.

According to circulating reports, the platform became inaccessible after users experienced difficulties withdrawing their funds. Many later discovered that their account balances had been wiped to zero.

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CBEX had positioned itself as a high-yield investment platform, promising users a 100% return on investment within one month. Investments were made strictly in U.S. dollars.

The crash has sparked a wave of emotional reactions online, with many investors expressing regret and frustration over their losses.

In a video shared on social media, some women are seen lamenting their experiences.

 

The PUNCH

Tags: Ponzi Scheme

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