A group of aggrieved Nigerian youths, reportedly frustrated by the loss of their investments, stormed the office of CBEX, a digital asset trading platform, in the Oke Ado area of Ibadan, Oyo State.
The incident, captured on video and widely shared on social media, shows the visibly enraged individuals ransacking and looting the premises.
The outburst of anger and frustration appears to be a direct response to CBEX’s abrupt shutdown and its decision to prevent users from withdrawing their funds. Many investors had entrusted their money with the platform, only to find themselves unable to access their assets when they needed them most. The resulting financial losses have been significant, leaving many in dire straits.
The shutdown of CBEX has sparked widespread outrage, with many taking to social media to express their disappointment and frustration. The platform’s actions have raised questions about the security and reliability of digital asset trading platforms in Nigeria.
The incident highlights the need for greater transparency and accountability in the digital asset trading industry. Investors must be cautious when entrusting their funds with any platform, and regulatory bodies must take steps to protect investors’ interests.
As the situation continues to unfold, it remains to be seen how CBEX will respond to the crisis and whether the company will take steps to reimburse affected investors. For now, the fate of CBEX and the investments of its users hangs in the balance.
