Tensions boiled over in Ibadan on Monday night as furious investors stormed and looted the office of CBEX, a once-popular cryptocurrency and forex trading platform, amid allegations of a large-scale investment fraud.
Furious investors stormed CBEX’s office in Ibadan on Monday, looting equipment and furniture after the crypto platform allegedly wiped out user accounts without warning. Videos showed enraged individuals carting away TVs, air conditioners, and office items, accusing the firm of fraud. The chaos erupted as users discovered zero balances days before a scheduled April 15 withdrawal date.
CBEX, a crypto and forex trading platform, faces allegations of a Ponzi scheme after users reported locked accounts and vanished funds. The Oke-Ado office was vandalized as investors demanded justice. The firm, known for high-yield promises, has yet to respond to mounting fraud claims. (120 words)
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