(In Nigeria): CBEX Collapse Sparks Concerns over Ponzi Scheme.

 

Cbex is trending in Nigeria because the platform, which promised 100% ROI in 30 days, has collapsed. This has led to discussions around its Ponzi-like structure, reminding many of the failures of similar schemes like MMM and Racksterli.

CBEX, which falsely claimed to be an AI-driven investment platform, was flagged in Hong Kong for fraud and is considered a Ponzi in some parts of Asia.

Despite its claim of generating returns through AI, the platform has been exposed for manipulating users with bonuses for referrals. 

Users were unable to withdraw funds for up to 45 days and faced heavy fines if they tried. 

The platform has now halted withdrawals entirely, with many investors uncertain about their funds.

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