Angry investors stormed the CBEX office in Ibadan’s Oke Ado area after the digital trading platform crashed, leaving users with zero balances in their accounts.
The mob looted furniture, air conditioners, fans and office equipment, with some investors expressing frustration and grief over lost investments on social media.
The platform, accused of operating a Ponzi scheme, allegedly wiped out billions of naira in users’ funds, with reports suggesting $822,852,811.66 was moved to a private Ethereum wallet.
CBEX had promised a 100% return on investment within 30 days, attracting thousands of Nigerians, but users claim their funds disappeared shortly after deposits.
Authorities haven’t released an official statement or confirmed arrests.
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