CBEX Alleged Crash: See Video Of  Woman Who Borrowed $1,000 From Her Friends To Invest

One of the victims of the recently crashed Ponzi scheme disguised as a trading platform, CBEX, has cried out after losing an investment worth $1000 without getting her returns before the scheme crashed.

The woman, Bolarinwa, had stormed the CBEX office on Tuesday morning in tears, expressing her pain following the crash of the scheme on Monday.

In an interview with newsmen, Bolarinwa revealed that she was introduced to the scheme by one of her neighbours who had benefited from the platform too.

She narrated that she had just returned from Libya where she incurred several injuries while working and only returned to Nigeria with $200.

“ Personally, I invested $200 but I collected all my friends’ money to invest $1000.

I went to Libya to work and it was with so much fighting when I got back, my neighbor introduced CBEX to me, I saw the money he collected from CBEX and he said I should do it so that I can get times two of what I invested.

“My own money there is $200 but I collected from my friends to make it $1000.”

Bolarinwa’s ordeal is just one out of millions of Nigerians who were victims of the Ponzi scheme.

Some Nigerians had gone the extra mile to erect offices for the scheme as they believed it was a formidable scheme that would continue to thrive. However, many were heartbroken when the scheme crashed on Monday.

Recall that on April 5, CBEX announced across its telegram platforms that there would be a free bonus for investors between the 9th of April to 14th of April. Many were more concerned about the bonuses but little did they know that withdrawals would be paused.

However, after getting bonuses as high as $100, attempts to withdraw were paused on April 9 with a promise that it would be opened on April 15.

Until noon of April 14, the platform assured investors that withdrawal would be made available in the next few hours, till investors suddenly discovered that all their earnings had disappeared, indicating the ultimate crash of CBEX.

The platform, as typical of a Ponzi scheme, has locked its telegram platforms and explained that there was a hack attempt that brought a surge in the trading system, making the AI trade with all investors’ funds, leading to a loss.

However, the platform further encouraged investors to deposit $100 for those who have less than $1000, and $200 for those who have more than $1000 to reclaim their funds

See video below;

A woman who invested her life savings in the CBEX scheme waited at the gate of the office, distraught over losing all her earnings from Libya to the scam. pic.twitter.com/A2f5nlQ9PS

— TVC News (@tvcnewsng) April 15, 2025