Why is cbex trending?

CBEX is trending across Nigeria—and not for good reasons. Thousands of Nigerians have taken to social media to express shock, anger, and frustration after the online investment platform CBEX allegedly froze user accounts, locking away millions of naira in what many now call a Ponzi scheme.

Initially promoted as a legitimate crypto-based investment platform offering high returns, CBEX attracted a wave of eager users, especially young investors and small business owners. The company promised daily earnings and easy withdrawals. But in recent weeks, users began noticing withdrawal delays and app glitches.

As of now, several users report they can no longer access their funds. Panic set in after CBEX’s support channels went silent and the platform started redirecting users to confusing error messages. Punch and Sahara Reporters revealed growing concerns that the scheme is collapsing, following a pattern familiar in previous fraudulent investment platforms in Nigeria.

Experts warn Nigerians to be cautious about platforms promising unrealistic returns. Regulatory bodies have yet to make an official statement, but digital financial experts are urging affected individuals to document their transactions and report them.

The situation continues to unfold as more victims come forward online, calling for justice and government intervention. Stay tuned to Qubes Magazine’s Why? section for real-time updates and explanations on trending topics that matter.

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