Massive Crash Hits Popular Ponzi Scheme CBEX: Nigerian Investors Suffer Major Losses
A major financial shockwave hit thousands of Nigerian investors this evening as the controversial Ponzi scheme CBEX suddenly crashed, wiping out the accounts of participants within minutes. What began as a regular trading day ended in devastation after CBEX’s second trading signal of the day led to total account depletion for all active investors.
Reports indicate that, following the signal, the system automatically executed trades that left all participant accounts reduced to a meager balance of 0.01 — effectively signaling a total loss of invested capital.
In a statement issued on the CBEX Telegram channel, the self-proclaimed ST Team Director, Harold, attributed the collapse to a targeted cyberattack. According to him, “After a thorough investigation, we have discovered that some malicious fraud platforms have used hacking methods to implement targeted attacks on our trading system, deliberately conducting operations that are contrary to the signals of the AI trading system, severely disrupting the market order.”
Harold explained that attackers used advanced techniques, including coordinated full-margin operations, to hedge against the platform’s AI-driven trades, causing market imbalances that led to the collapse. He also claimed that these efforts brought “huge economic losses and psychological stress” to a vast number of users.
Despite the platform’s promises of AI-powered profits and consistent returns, CBEX has long drawn scrutiny from financial experts and regulatory authorities, many of whom have warned that it displayed classic signs of a Ponzi scheme. With today’s collapse, fears have now been realized as thousands of Nigerians report total loss of funds.
Harold further stated that the CBEX team is “actively strengthening system security measures” and called on regulatory agencies to “intensify the crackdown on related illegal activities to maintain fairness and transparency in the market.” However, this statement has done little to ease the concerns of investors who now face the grim reality of financial ruin.
The incident underscores the ongoing risks posed by unregulated and deceptive investment platforms that exploit the trust and desperation of the public with promises of high returns. Authorities are yet to issue a formal statement, but pressure is mounting for investigations into CBEX’s operations and the recovery of stolen funds.
CBEX’s crash is a painful reminder of the urgent need for financial literacy, stricter regulatory oversight, and public awareness in the face of proliferating digital investment scams.
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