Enraged “investors” loot Ibadan office of suspected Ponzi scheme CBEX (video)
A institution of aggrieved buyers stormed the workplace of CBEX, a virtual buying and selling platform, withinside the Oke Ado place of Ibadan, Oyo State, following the said crumble of the platform which left many customers with empty account balances. The state of affairs escalated into chaos because the mob compelled their manner into the premises, looting furnishings and workplace gadget in a display of anger and frustration.
Eyewitness motion pictures circulating on line captured the annoying scene, displaying a huge crowd accumulated out of doors the CBEX workplace and people getting rid of gadgets from the building. The incident has been related to great monetary losses amongst customers who had invested closely withinside the platform, simplest to discover their bills wiped clean.
Affected customers took to social media to explicit their grief and outrage, sharing non-public testimonies of misplaced financial savings and dashed hopes. Despite the developing public outcry, government have now no longer launched an respectable declaration nor showed any arrests associated with the incident.
The crumble of CBEX has sparked extreme worries approximately its operational model, with rising allegations of fraud and misleading practices. Although it become advertised as a stable and obvious virtual asset buying and selling platform, the unexpected lack of budget skilled with the aid of using customers has caused improved scrutiny. As tensions continue to be high, buyers retain to call for responsibility and solutions over what many now describe as a devastating monetary blow.
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