Man Reportedly Withdraws His $40,000 From Cbex But Loads it Again Shortly Before it Crashed

• A Nigerian man who invested N64 million in Cbex may have lost the money after the platform crashed and trapped people's funds
• The man said he had withdrawn the N64 million capital but ended up putting the money back, then the platform went into tatters
• His friend, who shared the story, said he warned him about Cbex and the fact that it might not be the best place to invest funds

A Nigerian man has shared the story of his friend, who was one of the people who invested money in Cbex.

The man said his friend invested as high as $40,000 (N64 million) in the Cbex platform, an amount he may never see again.

According to the story posted on X by Ayobami, the man had put in the initial capital of N64 million in the platform, hoping to cash out really big.

Ayobami said he warned the man whom he identified as his friend, telling him that the platform might not be legit.

Read also

Woman storms Cbex office in tears, shares how she invested money she made while struggling in Libya

The investor said he had withdrawn his capital of N64 million but later loaded it again.

Now that the platform has crashed, it could be that his investment is gone.

Ayobami wrote:

"Friend told me about something that sounds like a Ponzi scheme( turns out it’s CBEX). I told him to remove his capital. When I read about the crash, I was sure that he won’t be affected cos I told him, oh well…"

See the post below:

Reactions as man loses N64 million in Cbex

@DoubleEph said:

"I’m so sorry for laughing."

@Bookunming said:

"When your village people really have hand in your matter..."

@sotolafactor said:

"Are all these amounts people said they have on the platform true? 40k$ on a platform with no known managers, no corporate governance of any kind. I declined an investment because the company has no Board. I don’t trust any company where the management has no oversight."

Read also

Cbex: Man discloses name of alleged new Ponzi scheme which people are not aware of

@the_onbeatable said:

"If the conversation was "I made extra $40k" this post will get a different reaction."

@lanreOapata said:

"I don't understand the "I come load am again" part. So he returned a part of the profit or the entire profit? Ponzi isn't entirely about poverty. There is greed too."

@FroMaestro said:

"Excuse me!?! 40 *thousand* USD??? Massive L to put that into anything but the most stable, slow yielding, secure venture. Well for his sake hope he has more where that came from."

@AyanniyiNoah said:

"Truly, people are hungry in this country. A country where people are suffering but yet they have this type of money to put into ponzi schemes yearly. Dem go well oooo."

Man ignored after predicting the crash of Cbex

Earlier, Legit.ng reported that a Nigerian man had issued a warning in March, expressing concerns about the operations of Cbex, a digital assets trading company.

Read also

Cbex crash: Woman who used entire savings to invest in platform weeps bitterly, mentions amount

The man, Ub Edem Uman, had shared a post on Facebook, alleging that the Cbex trading platform might not last beyond May before crashing.

Earlier in April, many people on social media alleged that the Cbex trading platform had crashed and that traders' funds were trapped.

Source: Legit.ng