A group of angry investors stormed the CBEX office in the Oke Ado area of Ibadan, Oyo State, after the digital trading platform reportedly crashed, leaving many users with zero balances in their accounts.
The mob forcibly entered the premises, looting furniture and office equipment.
The incident was triggered by widespread frustration and financial losses among users who had invested in the platform.
Videos circulating online show a large crowd at the office, with individuals removing items from the building.
Many users shared their experiences on social media, expressing grief and anger over the loss of their investments.
Authorities were yet to release an official statement or confirm any arrests.
The situation remains tense as investors demanded answers about the platform’s sudden collapse.
The CBEX platform’s operational model has raised concerns, with allegations of fraud and deceptive practices coming to light.
While it was introduced as a secure and transparent digital asset trading platform, the recent collapse and reports of users losing funds have sparked scrutiny.
