Enraged investors loot CBEX office in Ibadan

Post created on 11:54 am

China Beijing Exchange (CBEX), a digital asset trading platform that promised its investors transparent trading with their investments, has collapsed, leaving investors crying for their lost funds.

Many investors, including women, have expressed their outrage over the sudden disappearance of all cash in their wallets, which has led to a mob invading the premises of CBEX in Oke Ado, Ibadan, Oyo State.

The angry mob, filled with frustration, entered the CBEX office and looted furniture, electronics, and other valuables.

Presently, no statement has been officially released by the authorities, but the Securities and Exchange Commission (SEC) has since reacted to the operations of CBEX, stating that platforms with such operational styles are illegal and not registered with the SEC.