CBEX Sparks Ponzi Scheme Fears As Users Report Withdrawal Delays

Social media was abuzz on Friday following concerns about the operations of CBEX, a digital asset trading platform, with several users warning that it shows signs of being a Ponzi scheme.

On Wednesday, an X user, Man of Letters (@Letter_to_Jack), posted a cautionary note after learning about an individual who reportedly invested $1,000 in CBEX and had since withdrawn $5,000.

After reviewing the platform, he expressed serious doubts about its legitimacy.

ā€œHaving done all my checks, the platform flies all the flags of a Ponzi scheme,ā€ he wrote. ā€œPeople are cashing out steady with no losses. You know what that means? Easter, Ileya or Xmas.ā€

He added, ā€œFor those who don’t understand, what I’m telling you is the crash is imminent; it’s better to use your money to play bet than to go into this. It’s at best a zero-sum game. You will cry.ā€

However, his message seems to have been interpreted in different ways by X users with some believing he was promoting the platform.

Also Read:  FULL LIST: FG-Owned Hospitals With Reduced Dialysis Costs In Nigeria

Meanwhile, in a development on Friday, there have been fears that the platform has now crashed with many having their money stuck on the platform.

Reacting to the development, X user Ajoke (@BlessedAjoke) said, ā€œCbex is still working perfectly just that you can’t withdraw until 15th of April. You people should stop spreading fake news. Stop giving people heart attack nah.ā€

Another user, aust;n (@0kparam), criticised those celebrating the platform’s possible collapse.

ā€œY’all are acting like cbex crashing makes you financial sages. Nah, it just makes you bitter haters… Ponzi, yen yen yen. Just stfu coward,ā€ he wrote.

However, some users highlighted the risks involved, with Mazi Nathan (@rukky_nate) comparing CBEX to past Ponzi schemes.

ā€œMMM was a global Ponzi scheme that later crashed. Rackstelli was a local Ponzi scheme that also later crashed. CBEX had all the hallmarks of a Ponzi scheme but Nigerians are just too greedy with short-term memories,ā€ he wrote.

Also Read:  How Drinking Water Can Kill You – Dietitian

In the midst of the debate, CBEX’s official X handle, @cbextrades, maintained a tone of optimism, sharing updates about its outreach activities and ongoing summits.

ā€œToday, the instructors from the Abeokuta office went outside the office, actively going door-to-door to promote the project and encourage people to participate in this great initiative,ā€ one post read.

Another post stated, ā€œCBEX can never crash at all. We will forever stand strong. Don’t panic at all. Only those who haven’t been with us for long will panic and lose hope.ā€

A third post read, ā€œEveryone should remain vigilant, avoid clicking on unfamiliar links, and never share your account password or verification code with others to prevent scammers from taking advantage.ā€

Also Read:  JUST-IN: Wanted CBEX Promoter Surrenders To EFCC

ā€œWe aren’t running away with nobody’s money. Everything is in order. Cbex exchange will forever stand.ā€

WARNING: If You Are Not 18+, Don’t Click The Link Below šŸ‘‡šŸ«£Ā 
https://disloyalmoviesfavor.com/m3e85u39j?key=f0014e9d9438d5115e4d66e73ca3f04b

https://poawooptugroo.com/4/8902554

Please don’t forget to ā€œAllow the notificationā€ so you will be the first to get our gist when we publish it.

Drop your comment in the section below, and don’t forget to share the post.

Never Miss A Single News Or Gists, Kindly Join Us On WhatsApp Channel:
https://whatsapp.com/channel/0029Vad8g81Eawdsio6INn3B

Telegram Channel:
https://t.me/gistsmateNG

One thought on “CBEX Sparks Ponzi Scheme Fears As Users Report Withdrawal Delays

Leave a Reply

Your email address will not be published. Required fields are marked *

Go Up