CBEX Office in Ibadan Looted Amid Trading Platform Collapse

A mob of angry investors has stormed the China Beijing Equity Exchange (CBEX) office in Ibadan, Nigeria, looting furniture and electronics after the digital trading platform reportedly crashed. The incident has sparked widespread outrage, with affected users accusing the platform of fraud and demanding justice.

The incident was allegedly triggered by the sudden collapse of the CBEX platform, which reportedly wiped out user account balances, leaving many investors devastated.

A video circulating on social media shows the scene of the unrest, with a large crowd forcibly entering the premises and removing items. Several affected users have taken to social media to voice their anger and recount their losses, accusing the platform of fraud and demanding justice.

As of the time of reporting, authorities have not issued an official statement, and it remains unclear if any arrests have been made in connection with the looting. CBEX was introduced as an online platform designed to facilitate digital asset trading. Its purported goal was to create a secure, transparent environment for transactions.

VANGUARD