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Man laments alleged crash of Cbex trading platform after $313 investment

The man who raised the alarm on crash of Cbex.
The man who raised the alarm on the crash of Cbex.

A Nigerian man has taken to social media to express his distress after the online trading platform, Cbex, reportedly collapsed shortly after he invested $313 (about N500k)—money he raised by selling his phone and other belongings.

In a post shared on X (formerly known as Twitter), the man voiced his shock and frustration, stating that he had only joined the platform the day before and discovered that same evening that withdrawals had been halted.

“I joined Cbex with $313 yesterday, Wednesday. Now today, I can’t withdraw anything,” he wrote. “The saddest part is, I sold my phone and some belongings to raise that money. Please, Cbex, don’t disappear yet!”

The emotional post quickly gained attention, sparking reactions from fellow users. While some sympathized with his plight, others pointed out the inherent risks of such investments.

A few claimed users had been warned not to withdraw during the platform’s bonus period, suggesting the issue might be temporary.

The situation remains unclear as users await further updates from the platform.Cbex post

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