₦airaland Forum

TUANKU:
You wish.
I will give you 24 hours to tender an apology or else...you will pay dearly for bringing up falsehood against me. I will not force you, ignore it if you want but you will find out when it's too late.

Firebox123:
go do your JuJu

Me tender apology to you after you ripping Nigerian million of naira

lordm:
I dy fear OPAY o

TUANKU:
Your Nigerian bank is more likely to fold up before Opay does. Make una dey try read and do research small.
Person dey compare CBEX and Opay, dem suppose flog you and leave you without food for one week.

Babaflenjor:
CBEX ST has crashed all money on assets gone , the app and their website is still accessible as at 5:40 pm today Monday 14th April 2025, but people's money on the app already gone,

Firebox123:
Nigerian no dey ever wise

Until opay run away with Una money 💰

Till then sha

ItisWell22:
Azzin eh.

Make I remain old school abeg…

How we keep falling for Ponzi schemes needs to be studied.

Well, I think greed plays a huge role, coupled with the love of easy money.

Babaflenjor:
CBEX ST has crashed all money on assets gone , the app and their website is still accessible as at 5:40 pm today Monday 14th April 2025, but people's money on the app already gone,

TUANKU:
You wish.
I will give you 24 hours to tender an apology or else...you will pay dearly for bringing up falsehood against me. I will not force you, ignore it if you want but you will find out when it's too late.

ALLNIGERIANSMAD:
Except armed rubbers forcefully take something from me, nobody can dupe me, never, because I'm not greedy nor looking for free money

lordm:
Use your tongue to count your teeth

ayindejimmy:
Opay is licensed by CBN like all Nigerian banks, and also insured by NDIC.
So , if you have no fear of your money in Access Bank, there is no reason to fear for Opay.
If you have your reasons share it with us and stop did crediting their business

Firebox123:
go check moniepoint

You'll learn in the hard way

ayindejimmy:
I left Moniepoint since last year because I noticed their operations are unprofessional

As of April 15, 2025, CBEX, a digital asset trading platform, **has reportedly crashed**, with widespread allegations of funds being trapped and operational instability. Here’s a synthesis of key developments and evidence from the search results:

1. **Withdrawal Restrictions and User Reports**
- CBEX halted withdrawals on April 9, citing a "security breach" and promising resumption by April 15 . However, users later reported their account balances reduced to $0, and the platform locked its Telegram groups, signaling deeper issues .
- Despite claims by some users that the platform was "still working," withdrawals remained blocked, and support channels became unresponsive .

2. **Ponzi Scheme Allegations**
- CBEX promised 100% returns in 30 days and required referrals for bonuses, classic traits of Ponzi schemes . Users noted similarities to past scams like MMM and Rackstelli .
- The platform’s frequent domain changes (e.g., cbex.cx to cbex39.com) and demands for additional deposits during withdrawal freezes further fueled suspicions .

3. **SEC Warnings and Legal Status**
- The Nigerian SEC confirmed CBEX is **not registered**, making its operations illegal under the new Investments and Securities Act (ISA 2025) . The SEC emphasized penalties for unregistered platforms, including 10-year jail terms for Ponzi operators .

4. **Physical Collapse and Public Reaction**
- Angry investors looted CBEX’s office in Oke-Ado, Ibadan, after reports of the crash .
- Social media debates erupted, with some users dismissing crash claims while others shared evidence of lost funds .

5. **Predicted Collapse and Regulatory Gaps**
- A March 2025 prediction by Ub Edem Uman went viral, accurately warning of CBEX’s collapse .
- Experts criticized Nigeria’s regulatory gaps, urging stronger oversight by agencies like NITDA and the CBN .

**Conclusion**: While CBEX’s website remains accessible, the platform has effectively collapsed, leaving investors’ funds trapped. The SEC’s warnings, withdrawal freezes, and physical looting incidents corroborate this outcome. Users are advised to avoid unregistered platforms and report suspicious schemes to authorities. For ongoing updates, refer to SEC advisories and verified news sources

Firebox123:
Nigerian no dey ever wise

Until opay run away with Una money 💰

Till then sha

SocialJustice:
Opay na ponzi? Mumu boy.

franugo:
That thing wey that mumu Whatsapp admin dey yarn na correct cock n bull story

Firebox123:

Firebox123:
like betting

Have you ever hear any betting site crash b4

TUANKU:
Your Nigerian bank is more likely to fold up before Opay does. Make una dey try read and do research small.
Person dey compare CBEX and Opay, dem suppose flog you and leave you without food for one week.