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Ponzi scheme: Nigerian women in tears after allegedly losing millions to crashed CBEX trading platform •VIDEO

The FrontierThe FrontierApril 15, 2025 8210 Minutes read0

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, reports The PUNCH.

Many later discovered that their account balances had been wiped to zero.

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.

WATCH THE VIDEO BELOW: 

𝐕𝐈𝐃𝐄𝐎: 𝐍𝐢𝐠𝐞𝐫𝐢𝐚𝐧 𝐖𝐨𝐦𝐞𝐧 𝐈𝐧 𝐓𝐞𝐚𝐫𝐬 𝐀𝐟𝐭𝐞𝐫 𝐀𝐥𝐥𝐞𝐠𝐞𝐝𝐥𝐲 𝐋𝐨𝐬𝐢𝐧𝐠 𝐌𝐢𝐥𝐥𝐢𝐨𝐧𝐬 𝐓𝐨 𝐂𝐫𝐚𝐬𝐡𝐞𝐝 𝐂𝐁𝐄𝐗 𝐓𝐫𝐚𝐝𝐢𝐧𝐠 𝐏𝐥𝐚𝐭𝐟𝐨𝐫𝐦

Several Nigerian women have been seen breaking down in tears after reportedly losing millions of naira… pic.twitter.com/AgFPi2uaF7

— Punch Newspapers (@MobilePunch) April 15, 2025

 

Tags
CBEX trading platformNigerian womenPonzi schemevideo
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The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.

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