There are indications that the trading platform, Cbex may have finally crashed as investors reported today that their balances on the app have reverted to zero dollars.
It would be recalled that an investor blew the lead on the possible crash of the platform a few days ago when he lamented that the platform restricted withdrawal only a couple of days after he invested $313 dollars.
He claimed that the money he invested was from the sale of his phone and other valuables.
Some investors however countered his claim, saying that the restriction on withdrawal was to safeguard the platform.
They brandished their account balances on the app to buttress the point that nothing had happened to their investments.
They asserted that once the stated period of restriction was over, people would be able to withdraw their funds.
However, today, investors reported that their account balances had been wiped off.
An investor showed a screenshot of his accounts totalling $180k a few days ago and another screenshot of the accounts now shows zero dollars.
Some angry investors stormed an alleged Cbex office in Ibadan and looted all the valuables there.
A trending video shows some people carrying split unit ACs, TV sets and other valuables looted from the office on motorcycles and fleeing.
An x user pointed out that the looted office does not belong to Cbex directly, but might be a space rented by a Cbex mobiliser to win more patronage to boost his ranking on the network.
An analyst on X claimed that the platform moved $822,852,811.66 (about ₦1,337,021,554,889.20 trillion) into a private ETH wallet, as users’ funds disappeared from their wallets and turned to 0.00.
The platform has now locked all its telegram channels and postponed all withdrawals.
To make matters worse, they are asking investors to pay more money to verify their accounts.
The platform asked those who have up to $1000 in their wallets to pay another $200 for verification.
Those who have less than $1000, are requested to pay $100 for verification.
Analysts warned that this is a ruse to get more money out of the swindled investors.
See some clips here.
