Why the Crypto Investment Platform CBEX is Trending
Why The Crypto Investment Platform CBEX Is Trending - Scrollforthng
Published on:
What Is CBEX and Is It One of Those Ponzi Schemes?
A Tweet Addressing CBEX as Scam
If you’ve been online in the last 24 hours, you’ve probably seen CBEX trending all over social media. And if you're anything like me, you’ve likely asked yourself—what is CBEX and why is everyone suddenly talking about it?
CBEX Trade is a global digital finance and crypto trading platform. According to their website and long-time users, the platform allows people to fund their trading accounts, follow trading signals, and earn profits from the crypto market.
But that’s not what’s got the internet talking. What’s shaking things up is the sudden fear that CBEX might not be what it claims to be.
CBEX Users Claim They’ve Made Big Money Trading
Over the past few months, users of CBEX have been sharing testimonials online. Screenshots of doubled investments, video testimonials claiming ₦5 million returns on a ₦1 million deposit within 90 days, and stories of financial breakthroughs have made rounds on crypto Twitter and Facebook groups.
Some of the stories look too good to ignore. And for many people, that was all the confirmation they needed to jump in.
A Viral Post Raised Alarm About CBEX Being a Ponzi Scheme
Things took a turn when popular influencer and media personality Chukwudi Iwuchukwu went online to issue a warning. He told his followers point-blank that CBEX is not what it appears to be.
He didn’t just drop vague statements. He called out one of CBEX’s ambassadors who had earlier claimed to make millions in months. Chukwudi dismissed the testimony as a trap, meant to lure greedy and unsuspecting Nigerians. He didn’t stop there he compared CBEX to MMM and other classic Ponzi schemes.
That post went viral in a matter of hours. It spread like wildfire. And people panicked.
CBEX Withdrawal Issues Spark Panic Among Users
Right after Chukwudi’s warning, something unusual started happening. Several CBEX users tried to withdraw their funds from the platform but couldn’t. All withdrawal requests began returning error messages or were marked as “unauthorised.”
For nearly 48 hours, users have been locked out of their own funds.
This isn’t the first time something like this is happening in the crypto world. We all remember the Bybit hack, when millions of dollars vanished overnight. But even during that chaos, Bybit allowed customers to withdraw their money, CBEX, on the other hand, has gone silent.
After the unsuccessful withdrawals, Chukwudi doubled down. He made another post confirming what many now fear that CBEX is a Ponzi scheme. And this time, people paid attention.
The timing of his warning and the withdrawal problems have only added fuel to the fire. Nigerians who once believed in the platform are now questioning their decision.
What This Means for Crypto Investors in Nigeria
This whole situation is a huge reminder all that glitters in crypto is not gold. We’ve seen this play out before. Platforms that grow fast, promise fast money, and build a loyal community overnight, only to crash when people try to cash out.
CBEX may have started as a promising opportunity, but the warning signs are now impossible to ignore. The testimonies, the referral bonuses, the polished social media campaigns all of it feels eerily familiar, and if Nigerians can’t get their money out, then we already know what this is.
CBEX might still release a statement. Maybe they’ll fix the withdrawal glitch and everything will go back to normal. Or maybe this is the beginning of another major crypto fall-out.
Read Also: Is Cryptocurrency a Good Way To Save Money?