Angry Investors Loot CBEX Office After Trading Platform Collapse
There was pandemonium in the Oke Ado area of Ibadan, Oyo State capital, on Monday, as scores of enraged investors descended on the office of China Beijing Equity Exchange (CBEX), looting valuables after the alleged sudden collapse of the digital trading platform.
OSUN DEFENDER reliably gathered that the mob, comprising aggrieved users of the platform, forced their way into the premises, carting away office furniture, electronics, and other materials in protest against the disappearance of their investments.
According to eyewitness accounts, the incident followed reports that CBEX had shut down operations abruptly, wiping GmarShops Marketplace , Jordan Essential Full-Zip Hoodie , De nouvelles pièces apparel Jordan x PSG font surface out account balances of unsuspecting traders who had pumped millions of naira into the platform with the hope of raking in digital profits.
A viral video shows the moment the angry crowd overpowered the office’s security, destroying property while chanting war songs and calling the platform a scam.
Several of the victims lamented that their life savings had vanished overnight.
As at the time of filing this report, neither the Oyo State Police Command nor any other security agency had issued a formal statement on the looting, while there were also no reports of arrests.
Meanwhile, the Securities and Exchange Commission (SEC) has distanced nike ja 1 scratch itself from CBEX, warning the public that platforms not registered with the commission are operating illegally and at great risk to investors.
CBEX had presented itself as a reputable digital asset trading outlet, boasting of secure transactions and promising consistent returns.
However, the collapse has now thrown its operations into serious disrepute, with calls mounting for a thorough investigation into what many now describe as an elaborate online fraud.
Sodiq Lawal is a passionate and dedicated journalist with a knack for uncovering captivating stories in the bustling metropolis of Osun State and Nigeria at large. He has a versatile reporting style, covering a wide range of topics, from politics , campus, and social issues to arts and culture, seeking impact in all facets of the society.
