Has Cbex Buying and selling crashed? This query has been trending throughout social media platforms in Nigeria. 1000’s of merchants are nervous, confused, and looking for solutions.
On this article, we’ll clarify what occurred to Cbex Buying and selling in Nigeria, the warning indicators, consumer experiences, attainable restoration choices, and what it’s best to do when you have funds within the platform.
Let’s get began by understanding what Cbex Buying and selling is.
Cbex Buying and selling is (or was) an internet platform that supplied cryptocurrency funding and buying and selling companies. It claimed to supply excessive returns on investments by serving to customers commerce digital belongings like Bitcoin, Ethereum, and USDT (Tether). The platform grew shortly in Nigeria, particularly in late 2023 and early 2024, due to aggressive advertising and referral applications.
Many Nigerians joined Cbex Buying and selling believing it was a legit option to earn passive revenue. Some even referred their family and friends to hitch, hoping to earn referral bonuses and withdraw earnings weekly.
Why Did Cbex Buying and selling Change into Widespread in Nigeria?
Cbex grew to become standard in Nigeria for the next causes:
- Promise of Every day Income
The platform claimed customers might earn as much as 5% day by day returns relying on the plan they chose. - Consumer-Pleasant Interface
The app and web site have been simple to make use of, even for individuals who have been new to crypto buying and selling. - Referral Bonuses
Cbex gave customers bonuses for inviting pals, which made many Nigerians put it up for sale actively. - Crypto Craze
Nigerians have gotten extra eager about cryptocurrency and on-line buying and selling. Cbex supplied a simple entry level. - No Buying and selling Expertise Wanted
Cbex promised automated buying and selling with AI, so customers didn’t have to know find out how to commerce.
However because the saying goes, “If it’s too good to be true, it most likely is.”
The First Indicators of Bother
By early April 2025, a number of customers began complaining on-line. Some frequent complaints included:
- Withdrawals being delayed or pending for days
- The customer support not replying to messages
- Referral bonuses not displaying up
- The app crashing or displaying errors
- Issue logging in
At first, folks thought it was only a technical situation. However as the times handed, issues acquired worse.
Cbex Buying and selling Crashed – What Occurred?
As of mid-April 2025, the Cbex Buying and selling platform seems to have crashed or shut down utterly.
Listed below are the important thing indicators that present Cbex has presumably crashed in Nigeria:
1. App Not Working
Customers report that the Cbex app not hundreds correctly. For some, it doesn’t open in any respect. Others get error messages when attempting to log in.
2. Web site Offline
The official web site is both down or very sluggish. When it hundreds, it typically exhibits a upkeep message or server error.
3. No Communication from Admins
There was no official message from the Cbex crew. Their Telegram group has been silent. The final message on their social media was a number of days in the past.
4. Withdrawals Are Not Processed
Customers who tried to withdraw funds haven’t obtained their cash. Some have waited for over per week.
5. Referral Program Stopped Working
New customers are not in a position to register, and current customers say their referral earnings have disappeared.
6. Rumors of a Rip-off
A number of crypto influencers and YouTubers have declared Cbex as a Ponzi scheme that has now crashed.
Was Cbex Buying and selling a Rip-off or Legit?
Whereas Cbex regarded legit at first, all of the indicators now level to it being a Ponzi scheme. These are the traits that recommend it was by no means a real buying and selling platform:
- No actual buying and selling proven: Customers by no means noticed precise trades happening.
- Too excessive returns: Providing 3–5% day by day is unrealistic in crypto or any monetary market.
- Heavy reliance on referrals: The system rewarded folks for inviting others somewhat than buying and selling.
- No transparency: There was no actual details about who owns or manages the platform.
- Disappearing assist: As soon as issues began, there was no assist obtainable.
So sure, it appears Cbex was a well-organized rip-off that crashed after amassing sufficient cash.
How A lot Did Nigerians Lose?
There isn’t a official determine but, however estimates recommend hundreds of thousands of naira have been misplaced by Nigerian customers.
Some folks invested as little as ₦10,000, whereas others went as excessive as ₦1 million or extra. Since many customers additionally referred family and friends, the crash has affected whole communities.
Consumer Experiences – What Folks Are Saying
Listed below are a number of feedback from actual customers on social media:
- “I invested ₦250,000 in Cbex and was ready for my third withdrawal. Now the app doesn’t open once more. I’m completed.”
- “I satisfied 5 of my pals to hitch. Now they’re all indignant with me. I really feel ashamed.”
- “For this reason I don’t belief any platform with out actual folks behind it. One other Ponzi bites the mud.”
- “The indicators have been there. We simply ignored them. I suppose greed acquired the higher of us.”
These tales present the emotional and monetary ache many at the moment are going via.
Can You Get Your Cash Again?
That is an important query, and sadly, the reply is almost certainly no.
Right here’s why:
- No regulation: Cbex was not registered or regulated by any Nigerian authority like SEC or CBN.
- No recognized house owners: There’s no option to contact the actual folks behind the platform.
- Crypto is difficult to hint: Most funds have been despatched in USDT or different crypto cash, that are troublesome to trace as soon as moved to non-public wallets.
Except legislation enforcement takes fast motion or somebody exposes the folks behind it, restoration is unlikely.
What To Do If You Misplaced Cash in Cbex Buying and selling
In the event you’ve misplaced cash, listed here are a number of steps you’ll be able to take:
1. Report back to EFCC or Police
Even in the event you assume there’s no hope, it’s nonetheless good to report. Sufficient complaints can result in an investigation.
2. Warn Others
Inform your family and friends about what occurred. Don’t allow them to fall into related traps.
3. Keep away from Revenge Investments
Many individuals attempt to recuperate their cash by leaping into one other scheme. Don’t do it. That’s how folks go from dropping ₦100k to ₦1 million.
4. Be taught and Transfer On
Use this expertise as a studying second. All the time do background checks earlier than investing in any on-line platform.
Methods to Keep away from Future On-line Buying and selling Scams
Listed below are tricks to shield your self from related scams:
1. Verify Regulation
Solely spend money on platforms registered with the Nigerian SEC or different trusted regulators.
2. Keep away from Unrealistic Returns
Any platform promising 5% day by day or 100% in a month is probably going a rip-off.
3. Analysis the Founders
Ensure the crew behind the mission is actual, seen, and has a observe file.
4. Don’t Belief Solely Referrals
Simply because a pal makes use of it doesn’t make it protected. Do your personal analysis.
5. Use Trusted Exchanges
Platforms like Binance, Bybit, and Coinbase are safer for buying and selling.
Cbex Options That Are Secure
In the event you’re nonetheless eager about crypto buying and selling, listed here are higher choices to discover:
1. Binance
The world’s largest crypto trade. Provides each easy and superior buying and selling instruments.
2. Bybit
Widespread in Nigeria for spot and futures buying and selling. Quick withdrawals and good assist.
3. Paxful or Binance P2P
Good for purchasing crypto immediately from different customers utilizing naira.
4. Bundle Africa
Easy app made for Africans who wish to commerce and save crypto.
Bear in mind, none of those platforms assure earnings. It is advisable study and commerce correctly.
Closing Ideas
So, has Cbex Buying and selling crashed in Nigeria? Sadly, sure. The platform has gone silent, the app is down, withdrawals have stopped, and hundreds of customers are left confused and heartbroken.
The lesson right here is easy — by no means spend money on a platform you don’t totally perceive, irrespective of how candy the returns sound.
In the event you misplaced cash, don’t blame your self an excessive amount of. Scammers are getting smarter every single day. What issues now could be how you progress ahead.
Please share this put up to assist others keep away from related scams.
Regularly Requested Questions (FAQs)
1. Is Cbex Buying and selling nonetheless working in Nigeria?
No. As of April 2025, the platform seems to have crashed. Customers can not log in or withdraw cash.
2. Can I nonetheless withdraw from Cbex?
At the moment, no withdrawals are being processed. The app just isn’t working for many customers.
3. Is Cbex a rip-off?
All proof means that Cbex was a Ponzi scheme. There have been no actual trades, and customers have been paid from new deposits.
4. Will the house owners of Cbex be arrested?
That relies on whether or not authorities can establish and find them. Up to now, there is no such thing as a public progress.
5. What ought to I do if I invested in Cbex?
Report back to the authorities and warn others. Keep away from placing more cash into any related platforms.
