Reports soon emerged that CBEX had halted withdrawals, intensifying fears that the platform had crashed.
Nigerians on X (formerly Twitter) are split over cryptocurrency platform CBEX, with some warning of an imminent Ponzi collapse while others defend its legitimacy amid withdrawal halts and mounting skepticism. Influencers like @Letter_to_Jack flagged “consistent returns with no losses” as red flags, urging users to exit, while posts about trapped funds fueled panic. CBEX loyalists, however, dismissed claims as “fake news,” with the platform tweeting: “We are here to eradicate poverty… Stay safe. Important announcement coming soon.”
The debate intensified after viral posts predicted CBEX’s downfall, prompting some to withdraw and others to invest hastily. With the platform pausing withdrawals until April 15—per user claims—uncertainty looms. CBEX’s official account denied shutdown rumors, but skepticism persists as users demand transparency.
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