CBEX Scam, are you still Interested in Ponzi

[Cossyblack]

Influencers on X, YouTube, and other platforms may promote Ponzi schemes to lure followers and motivate them to invest by promising high , guaranteed returns with no risk to their capital. In return , many people may fall for these well-crafted scams, driven by greed.

Therefore, if your favorite influencer ever promotes any means of bringing quick and unbelievable profits, you should be careful and completely ignore it. Do not throw your hard-earned money at platforms that are usually new and  have an interface with investment plans promising 200% or more returns.

I call this unrealistic as there are no profits like these that can be achieved in the crypto space, and there are no guaranteed, fixed, high profits without risks... Therefore, anyone who encounters such fake promises and temptations should stay away and not even try.

Many people have been falling for it because they feel since it is been promoted by an influencer,a public figure, it is safe and that if anything goes wrong,the influencer may not have anywhere to hide. Most times when the Ponzi schemes finally crashed,you will see the same influencer coming out to apologize to the public, that he wasn't aware that he was promoting a Ponzi schemes. The truth is that,this influencers have been paid a very huge amount of funds to lure innocent followers into investing, knowing fully well that it is a ponzi scheme and that it will eventually crashed.This guys have sold their conscience for money and doesn't care what will happens to others and that's why I always avoid any investment platforms that promised high returns whether it is been promoted by an influencer or even by the government.

I heard some people wanted to commit suicide after they got scammed, because they invested everything they had into it, and they don’t even know where to start from. I just kept on shaking head when I heard the amount different people invested in the Ponzi scheme.

i can confirm to you that a young lady got depressed by loosing her entire funds to Cbex scam and later took her own life by swallowing a poisonous substance called Sniper. I believe greed is just the major problem that made this lady to invest all her money in a ponzi scheme and now the results for it had cost her life. It is a sad ending for her but some people will never learn anything from this. People should learn to avoid  investments with promising high returns because it's risky and unsafe.

[Ishicryptic]

Majority of people are always looking for get rich quick schemes and most of them get scammed, still most people that hears their stories will not learn from it. There are many similar scam investments that I hear about everyday in my country, with my knowledge in this forum and from research I know that they are all scams. Some people will know that these Ponzi schemes are scams but they will still invest in them with hope that they will recover their capital and make some profits before it will crash. I heard about CBEX from somebody but I was not interested in it because I don't risk my funds in get rich quick Ponzi schemes.

[doomloop]

Learn to invest by yourself and avoid anything that involves centralized third party investment, always do things by yourself, there a common slogan here, do your own research (DYOR) and know that not your keys not your coins, don't give your digital asset to someone for an investment when you can learn how to invest on your own.

Thank you for you advice. Basically, these kinds of projects and schemes usually target countries and regions where most of the population is both naive and greedy because of a lack of literacy. They also do it in countries or regions where they know there aren't a lot of laws or any security for investors that invest money online, because they want freedom to operate, and they can only get that from such regions. If they launch their programs in regions where there are organisations that protect their users from such things, they will fail because they won't be able to verify themselves and keep operating legally.

Those who invest in such schemes are the ones who have zero knowledge about how earning money works. They hear from the internet that it's possible to earn money online, and as soon as they find such projects, they believe these are the methods used by people to earn money online, so they start investing and they invest more and refer others when they get some money initially which traps them even more.

[nelson4lov]

As with all other ponzi schemes, Cbex met its end. It is because of this reason that I invest in any ponzi scheme as only the early birds make money and anyone joining late will lose. I have a couple of friends whose family members actively participated in the Cbex ponzi scheme and they have been in disbelief about it ever since.

[Issa56]

Majority of people are always looking for get rich quick schemes and most of them get scammed, still most people that hears their stories will not learn from it.

We have seen different Ponzi schemes previously, and more are being created, but people are not really learning from the previous mistakes which they made. CBEX is the latest Ponzi scheme which scammed people that I know, if another Ponzi scheme is created today, am sure some people that lost their money in the CBEX Ponzi scheme are still going to participate in it, my problem is that people are not learning, and after losing you will see them on the social media crying, seeking for help.

Whenever you see a Ponzi scheme, it’s always obvious that it’s a Ponzi scheme, whenever you see a platform that make some unreasonable promises, then you should know that they are Ponzi scheme, because how will a platform ask you to invest, and your money is 100% safe, with a very high return without any risk involved, then it’s a Ponzi scheme, because I haven’t seen any business that doesn’t require risk.

[Orpichukwu]

These schemes are often adept at marketing their projects, and many believe you need to buy Bitcoin to invest in Bitcoin, and that you can't invest as little as $10. Also, investing $100 in Bitcoin for 10 years won't make you rich.

They present people with the idea that you need a third party in the system who has years of experience and will add up their own capital with yours in order for you to get something out of the crypto market.

That's the information they feed to their victims, and those who don't know how it works buy that idea real quick with the conviction that $10 indeed can't give you the kind of profit you need. Why not give it to those who know how to do it?

But the truth is, if all they preach were true, would they be willing to share such profit with others? What happened with keeping everything to themselves? These are questions which victims forget to ask themselves.

[SatoPrincess]

As with all other ponzi schemes, Cbex met its end. It is because of this reason that I invest in any ponzi scheme as only the early birds make money and anyone joining late will lose. I have a couple of friends whose family members actively participated in the Cbex ponzi scheme and they have been in disbelief about it ever since.

I saw a post in the Nigerian local board that the authorities have promised to find the scammers and return the stolen money to the victims. This news may be a source of hope for the victims but I doubt if the EFCC can come through for the CBEX victims.

[nelson4lov]

~Snipped

I saw a post in the Nigerian local board that the authorities have promised to find the scammers and return the stolen money to the victims. This news may be a source of hope for the victims but I doubt if the EFCC can come through for the CBEX victims.

Funny authorities. Even funnier are the people that will patiently wait and continue waiting for years in hope that the authorities will do something. They said the same about rasterli, all the victims are still waiting on them till today.

Any money invested is as good as gone and only way to move forward is to forget am it asap and forgive yourself themselves.

[OcTradism]

Funny authorities. Even funnier are the people that will patiently wait and continue waiting for years in hope that the authorities will do something. They said the same about rasterli, all the victims are still waiting on them till today.

Any money invested is as good as gone and only way to move forward is to forget am it asap and forgive yourself themselves.

Chasing and arresting scammers need time, and even it is possible, there is another impossible task. It is impossible to ask scammers return stolen money to victims. If scammers already spend scammed money in on chain transactions, there is no way to get it back.

If at a time of arrest, scammers have empty wallets, they can not refund victims. Governments can not do anything for refund and only can send scammers to jail.

[Alphakilo]

Anyone who I call a friend that comes to me with a high-yield investment scheme promising a 100% return in a short time, that will be the day I will cut that person off. And if that happens to be one of my bad days, I might just report you to the police for trying to scam me.

I have had my own unpleasant Ponzi scheme experience from the past. I still regret the losses and what I would have done with the money I invested in it. That part of my life is done.

Always do your own research, if not greed will drive your sense of reasoning.

[knowngunman]

This recent scam happened last weekend as a ponzi schemes called cbex scammed people home and abroad of their investment asset worth $822 million. this same subject matter has been created But why people the still choose Ponzi schemes over bitcoin?

People like Ponzi and were scammed by Ponzi scam projects because they see it as an easy way to get rich, and get rich very quickly.

They have money but they don't want to be intelligent investors and they can not wait to be richer with Bitcoin. It takes time like months if you luckily join in a bull market, or years, cycles and they choose Ponzi, that's bad.

I believe that Ponzi scams are very easy to recognize but when people are lazy but greedy enough, they will become blindly and be scamme by Ponzi projects.

Investment Scams & Ponzi Schemes 🎩

Most of them are aware that ponzi is a scam plot but they normally assumed they are smart enough to exit the platform before it gets crashed. A colleague once invited me to participate in a ponzi like platform which I declined having known that it was purely a ponzi scheme but guess what, he responded by saying that they just launched the platform last week and we could cash out before they crashed. I asked him if he knew how long they will be around before they crash and he said he had no idea but they won't just disappear after one or two weeks.  

Behold, he invested with them this platform crashed before his investment matured for withdrawal and that was how he lost his money. Ponzi investment is like gambling where your odds are slim and it's best to stay away from participating in it.

[Justbillywitt]

People will never listen about investing in Ponzi schemes. This is not the first time Ponzi schemes has crashed, lots of them has crashed in the past and many more will still crash in the the future. I don't feel sorry for anyone who is still losing money to Ponzi in 2025, because they all knew the dangers associated with investing money in Ponzi yet they are investing. This is not like the early days when people were really ignorant about what Ponzi schemes were, a lot of awareness has been raised regarding Ponzi schemes and still they are investing after everything that has happened to others in the past. When they were reaping their little profits, they thought we that weren't investing in it are fools. So now that it has crashed, let them leak their wounds and move on, and try their best to avoid anything Ponzi schemes in the future.

[Stable090]

As with all other ponzi schemes, Cbex met its end. It is because of this reason that I invest in any ponzi scheme as only the early birds make money and anyone joining late will lose. I have a couple of friends whose family members actively participated in the Cbex ponzi scheme and they have been in disbelief about it ever since.

Either joining early or joining late, it’s just better we avoid Ponzi scheme, don’t be surprise that you might be thinking you joined early, and that’s when the Ponzi scheme will crash, and you will lose your money. Most people that do join all those Ponzi scheme at early stage do find it difficult to leave even after making money, most of them will always have the confidence that the Ponzi scheme won’t be crashing any moment soon, so they won’t even leave when they are suppose to leave.

People will never listen about investing in Ponzi schemes. This is not the first time Ponzi schemes has crashed, lots of them has crashed in the past and many more will still crash in the the future.

People are always looking for quick money, and all those Ponzi schemes are always promising that, people are easily brainwashed, because I don’t know why someone will promise 100 percent return within a short period of time without risk involved in it, that’s not really possible now, I don’t even know why people don’t really think. People don’t learn from previous things that happened.

[Coyster]

Cbex promised their investor a 100% ROI after 30 days, i wonder what some people think, how do you think you can get a 100% guaranteed ROI every 30 days, how do you even get a "guaranteed" ROI, it is basically not possible. To imagine that over 600k Nigerians fell victim to this is crazy, how were they able to deceive that much people with this get rich quick scheme.

That said, the funny thing is even if another scheme similar to this pops up in some years time, many people would still fall victim to it, forgetting what happened in this situation.

[uchegod-21]

Cbex promised their investor a 100% ROI after 30 days, i wonder what some people think, how do you think you can get a 100% guaranteed ROI every 30 days, how do you even get a "guaranteed" ROI, it is basically not possible. To imagine that over 600k Nigerians fell victim to this is crazy, how were they able to deceive that much people with this get rich quick scheme.

That said, the funny thing is even if another scheme similar to this pops up in some years time, many people would still fall victim to it, forgetting what happened in this situation.

TBH, I never heard about CBEX anywhere offline or online, not even from friends until it crashed. Someone said because they know that I will not invest, so they won't waste their time convincing me.

Are the serious that they promised 100% ROI in 30 days. This is a clear red flag. Why da fuck do people still fall for this scams?
Just as you said, my people don't learn, they'll keep falling for it again and again when they spring up.

[Asiska02]

I feel sorry for the people who lost the monty they probably couldn't afford to lose

My brother told me about it but I avoided it and told him it might be a scam. It is obvious that it is a scam now. We have discussed this on local board before because this happened some days ago and not just now.

It is easy to know those scam businesses but some people just do not learn about how to avoid scam.

I didn’t hear about it not until the scam happened and people began to lament online about their stolen funds. If I had come across it earlier, I would have indeed avoided it because I have experienced such scam before during my early days surfing the internet and looking for means to make more money. No one close to me that I know fell victim of it, maybe that’s why I never heard of it and would have even gave a warning to anyone that have invested in such scheme if I’m been introduced to it.

The annoying part is that if another one should come up after a while this one has laid low, people will still fall for the scam and don’t be surprised that those that got scammed here will still fall victims again. I hope people begin to learn from others mistakes. Scammer will always come with new ways to look somehow different and enticing to join them, don’t fall for their persuasive talks because it’s part of their technique to lure people into believing them and scamming them off their money later.

[Coyster]

Are the serious that they promised 100% ROI in 30 days. This is a clear red flag. Why da fuck do people still fall for this scams?

That is what Cbex promised their investors, a guaranteed return of 100% in 30 days. The crazy part of this scheme is how they managed to get the necessary registration from certain authorities in Nigeria, and this was what helped the scammers to easily deceive victims who thought they were legitimate.

There are a lot of victims who sold houses, lands and cars to invest in this scheme, and it is so sad that all of this happened in my home country. After reading more about the Cbex scam, it is certain that the authorities also have a share in the blame, how does a scam service easily get the necessary registration they need, information is that Cbex was registered as a consultancy firm, but regulators didn't know it was an investment platform, but that is no excuse IMO.

[Jegileman]

My Advice for you is simple: Learn to invest by yourself and avoid anything that involves centralized third party investment, always do things by yourself, there a common slogan here, do your own research (DYOR) and know that not your keys not your coins, don't give your digital asset to someone for an investment when you can learn how to invest on your own.

Just by knowing how to invest, many who fell for this scam could have been saved and have their money in their wallets today. Even if they don’t have the assets in equivalent of what they invested initially into their investment, they will still have the assets intact and could rise in the future to give them their gains for the reason of their investment into the asset. Those millions that was lost could have been avoided by just opening a non-custodial wallet and keeping your seed phrase safe while invested in bitcoin. Learning to invest in digital asset is not hard when you pick the right tokens like bitcoin to invest into.

[plantsurfing]

I was recently invited to an obvious Ponzi scheme. I researched for any information on them everywhere and found nothing. I could tell right away and most people probably don't even care. Look at this insane video https://player.vimeo.com/video/1050900069