Goodnews to cbex investors.

[Nangiconference]

My country people all these Ponzi scheme don too do us something, make we shine our eye o. This current cbex Mata shake the county and the second in the country after MMM. So many other Ponzi scheme don come and go but this one pretend to be genuine thereby deceiving and gathering members. All other Ponzi schemes wey don come before MMM and after MMM no reach this one. this one na second in rank to MMM. Them collect up to 1.3trillion from Nigeria for this kind hard economy.
Around last week, there users begin they complain say dem no fit make withdrawals again, until this week wey dem come wipe money from the wallets of their users. The Mata no come end o, dem come instruct their members say make dem make extra payment into their account for verification to enable them for withdraw and any body wey for pay this one for pay tire because when u pay them go demand more till Ur eye open.
But shall, our ogbonge EFCC don assure us say their hand already they on desk to track and recover our money but make we give them time say around march them be don warn us say make we Dy alert for all there Ponzi schemes. Currently now them don Dy communicate with Interpol concerning the issue. So make we relax our money no fit go like that.
This one wey EFCC enter this Mata, hmm, the lost too much. Abeg effcc do something. Even if na for everybody to contribute some percentage give them after the successful work e for still good too.

https://punchng.com/youll-get-your-money-back-efcc-assures-cbex-investors/?amp

[Charles-Tim]

Do not believe anyone until they let us know how they are going to recover the money. Are they having the money with them now? I mean the EFCC. I did not read anything like that than investors will not lose but recover their money back. I will only take this as a grain of salt until EFCC said they have seized the money from the scammers.

[MainIbem]

I applaud the EFCC's effort in looking into the matter and trying to recover the stolen funds from CBEX with the help of the Interpol, even though I don't trust that they'll be able to recover it since they couldn't recover funds from previous Ponzi's like MMM, Racksterli and the rest, it's going to be tough for them though cause from my findings, CBEX transferred about $822m which is roughly over 1 trillion in Naira to a private ETH wallet, so for that funds to be recovered they'll have to catch he culprits, I mean the pioneers of the CBEX ponzi. Anyways this would serve as a lesson to many greedy Nigerians, even with the warnings from EFCC about last month concerning Ponzi's some still went ahead to involve themselves in CBEX, they've learnt the hard way.

[GPVibes]

I was talking about this CBEX with someone whom I know wants to borrow morning to invest in one of the Ponzi scheme still going on but he told me he has heard about the exit and that it is not the same with the one he wants to invest in. This means Nigerians will still invest in Ponzi scheme no matter how you try to educate them. Poverty has made people not to reason properly.

However, I don't believe this is good news for those who have lost their money. Who are they relying on to get the money back? EFCC?

The least that will happen is that part of the money will be paid to few individuals account and the rest will be wide goose chase. They need to move on. Except the CBEX people decide to credit back the members accounts to status quo and that is not looking realistic to me. That was how the news about recovery monies stoten by MMM operators from Russia went and that was it. Nigerians need to let go Ponzi scheme as a way to make additional money rarher they lose what they have.

I

[CryptSafe]

Do not believe anyone until they let us know how they are going to recover the money. Are they having the money with them now? I mean the EFCC. I did not read anything like that than investors will not lose but recover their money back. I will only take this as a grain of salt until EFCC said they have seized the money from the scammers.

Information, as such, you have mentioned here in demand is very sensitive, and when it comes to intelligence operations like this, you would hardly hear any of the security organisations say it out publicly the steps they would undergo to apprehend the suspect on their radars but since they have assured the public that they would bring to book the suspects, let us give them a benefit of doubt and already, they communicated the Interpol as it relates to this matter so it is an international joint operation and they would never reveal their mode of operation to the public. Hopefully, we await their positive result so that investors can get back their money in peace.

[Cryptohygenic]

But shall, our ogbonge EFCC don assure us say their hand already they on desk to track and recover our money but make we give them time say around march them be don warn us say make we Dy alert for all there Ponzi schemes. Currently now them don Dy communicate with Interpol concerning the issue. So make we relax our money no fit go like that.
This one wey EFCC enter this Mata, hmm, the lost too much. Abeg effcc do something. Even if na for everybody to contribute some percentage give them after the successful work e for still good too.

Oga nothing Efcc go fit do for this matter bcos dem too get their flaws and dem too like bribe. U go only feel this excited as now but as time goes u no go hear from Dem again after Dem don involve for closed door meeting and get their own percentage if actually dem fit trap this scammers.
Wetin the Efcc don do for we govt people way dey pack our public monies? Leave am oh. Those people no dey genuine get hope on deme.

[Yucky]

Oga nothing Efcc go fit do for this matter bcos dem too get their flaws and dem too like bribe. U go only feel this excited as now but as time goes u no go hear from Dem again after Dem don involve for closed door meeting and get their own percentage if actually dem fit trap this scammers.
Wetin the Efcc don do for we govt people way dey pack our public monies? Leave am oh. Those people no dey genuine get hope on deme.

I'll give the EFCC the benefit of doubt because we know that a lot of crimes are going on in this country, but they are swept under the rug, and we don't hear about them again, especially when corruption is the order of the day. A lot of cases are being bought, files are closed, even burnt, in a country where snakes swallow money. Hmm, what do you expect.

I'm just giving them the benefit of doubt for the people who actually lost their hard-earned money, I'm just praying that something is done, even if they don't recover the full amount, just part of the money to start with, as a consolation. This kind of thing can lead people to take rash decisions about their lives, and we don't want to be hearing such news because of the CBEX scam. I just pray the EFCC can actually do something to help the people, probably for once.

[fredericktaylor]

CBEX (crypto bank exchange) is a digital investment platform that enticed Nigerians to invest with the promise of quick profits. The Cbex platform claimed to be a Canadian-registered and legitimate platform, but investigation revealed that they do not have any Canadian registration. The Cbex platform has been operating under a fake identity for a long time. It was found that their main operations started in 2024, but they claimed that their operations have been operating since 2017, but that has been proven to be false. They have disappeared or absconded with 1.3 trillion naira from Nigerian investors.

The EFCC (economic and financial crimes commission) has launched a swift investigation into the incident and is liaising with Interpol to ensure that the culprits are caught. They have said that the culprits will be brought to justice and all their money will be seized, but it may take some time to track them down and arrest them quickly. The EFCC has said that it will return all the money to the investors, but that is not absolute and the process will be carried out in stages. It is questionable whether the EFCC will be able to properly fulfill the assurances it has given to ordinary Nigerians.
However, one thing is clear again, greed only leads people to destruction, meaning investing in short-term and excessive profits never succeeds, it leads to destruction. I would say this lesson will be a lesson not only for Nigerians but for all digital investors. We should always keep one thing in mind, no matter where we invest, it is wise to conduct our investment by checking the platform we invest in.

[Felicity_Tide]

~snip

This one wey EFCC enter this Mata, hmm, the lost too much. Abeg effcc do something. Even if na for everybody to contribute some percentage give them after the successful work e for still good too.

I just remembered one funny meme I saw on X(Twitter) while reading through the thread. According to the meme, Arsenal has a better chance for defeating Madrid than EFCC recovering the stolen funds. That's literally the most craziest thing I have heard so far this week, which proves that there is a very high level of incompetency in the EFCC. Mind you, more than one trillion naira was stolen, so what's the probability that everything will be recovered now or later?.

News like this now seem like hope, when the chances of making those recovery is very thin. This is a hard lesson learnt, but I hope a miracle can happen.

[sotelorene]

Just as some persons don talk am, make me ah just add small thing to this case. If truly EFCC don agree say dey wan make move or Waka for this issue, just know say waiting dey trigger them to make that move na there selfish interest ( because say the money big) and if they try catch those people they go negotiate with them and if they no catch them too, those people fit do anonymous communicate and negotiate from there without EFCC going to look for them and once EFCC receive there cut everything don off so no carry am for mind say na because of the people dem dupe EFCC they go Waka and person wey no wan dey depressed or frustrated, make en just comot mind for that side because the money don go otilo. I hope and  I wish people will learn.

[rachael9385]

My country people all these Ponzi scheme don too do us something, make we shine our eye o. This current cbex Mata shake the county and the second in the country after MMM. So many other Ponzi scheme don come and go but this one pretend to be genuine thereby deceiving and gathering members. All other Ponzi schemes wey don come before MMM and after MMM no reach this one. this one na second in rank to MMM. Them collect up to 1.3trillion from Nigeria for this kind hard economy.
Around last week, there users begin they complain say dem no fit make withdrawals again, until this week wey dem come wipe money from the wallets of their users. The Mata no come end o, dem come instruct their members say make dem make extra payment into their account for verification to enable them for withdraw and any body wey for pay this one for pay tire because when u pay them go demand more till Ur eye open.
But shall, our ogbonge EFCC don assure us say their hand already they on desk to track and recover our money but make we give them time say around march them be don warn us say make we Dy alert for all there Ponzi schemes. Currently now them don Dy communicate with Interpol concerning the issue. So make we relax our money no fit go like that.
This one wey EFCC enter this Mata, hmm, the lost too much. Abeg effcc do something. Even if na for everybody to contribute some percentage give them after the successful work e for still good too.

https://punchng.com/youll-get-your-money-back-efcc-assures-cbex-investors/?amp

Nigerians will never learn, even after all the ponzi schemes that have come up and failed in the past they still fall victim to scams like this. It's funny how people complain about not having money but somehow they managed to invest millions in cbex, anything that doesn't involve you buying or selling if there's no sort of exchange involved in it just run away. Money doubling is a scam and anyone putting in their savings in things like this should be prepared to face the outcome of the risks involved. ponzi schemes can't make you rich.

[DaNNy001]

People are desperate to increase the amount of money they have that's why they get into Ponzi schemes like this...few years ago MMM also did the same thing and I believe efcc said they would do something about it, Nigeria is corrupt and efcc can be bribed...if the organizers of cbex give out 1 billion to efcc the issue will be forgotten...one simple way to deal with ponzi schemes is to invest in it during the first one week when it's newly launched anything exceeding that can be very dangerous..to those that fell for it be wise next time.

[Coyster]

As we usually say: "prevention is better than cure". I don't know what chances the EFCC has to get to the perpetrators of this scam platform, or how long it will take them, but if only the people who invested weren't trying to be greedy, then we would not even be discussing this now.

The identity of the perpetrators are unknown, the platform claimed that their ceo's name is Yahaya Ibrahim, but nobody knows his identity, he might not even be a Nigerian, but he is hiding under a Nigerian name. The platform told investors so many lies, they said they are linked to China, they claimed they have different offices in Canada, they promised 100% ROI in 30 days and so much more. It is crazy people believed this and so many of them lost everything. It is even possible that the people who worked in their physical office in Ibadan, Oyo state were not aware that they were working for scammers.

[Richbased]

I thought the good news was about a news that the EFCC have recovered the funds. Any news that doesn't come with the recovery of those funds is not a good news to me because even if they are arrested and prosecuted, they can only go to jail but the money can't be recovered anymore. Actually, this is even my first time of hearing about this cbex investors scheme or whatever but all these can be avoided if people stay away from ponzi schemes or platforms that offers to increase your investment within a short period of time because majority of them are scams. Well, let us see how the EFCC can handle this matter in the end but those that fell victim should not expect a miracle of recovering their money.

[Jaycoinz]

I wasn't even aware that such investment was going on, I got to find out about it when it crashed. A friend of mine was really frustrated and lamenting about the money he lost in an investment that went wrong, so apparently he lost about 6 Millon naira. I told him that he should have known better, ponzi schemes are always the same, they gain your trust after you must have put in your Money twice and gained profit but once they gotten the targetted amount of people they want it will crash. They stole trillions of naira from people that are crying everyday about the current economy of the country.

[Baki202]

Oga nothing Efcc go fit do for this matter bcos dem too get their flaws and dem too like bribe. U go only feel this excited as now but as time goes u no go hear from Dem again after Dem don involve for closed door meeting and get their own percentage if actually dem fit trap this scammers.
Wetin the Efcc don do for we govt people way dey pack our public monies? Leave am oh. Those people no dey genuine get hope on deme.

No be say they no fit do anything but I no trust them because eventually they go just dissappoint people and there main target suppose to be how they wan take catch those guys because imagine say them they always do this things and them they always get away with am see plenty ponzi scheme wey don happen for years na why them.suppose use this people are example to others because how them go just they run with people money and my problem with our people be say them no they learn if another one come now them go still wan do because all there mind be say them wan make quick money. And when it comes to corruption aside efcc another one they again icpc but all of them i no even understand because be like efcc even better pass. The other one because those once no they active at all them no serious and when it comes to there to regulate fraud they are trying because if no be them things for done worst because even if country no better no be excuse to do scam.

[Pokapoka124]

Abeg make cbex investors comot mind from anything like recovery.I sorry for who put hope for EFCC. Red jacket guys wey be major criminal, them nor go do anything. Them just won show their self like say them dey work, them never fit return funds way local forex trading companies dey scam like MBA forex and this one them won come do. See comment way their EFCC official dey make:

Quote: Oyewale further assured investors that their money will be recovered, though it may take time.
“No, it will be very irresponsible and unprofessional if the EFCC says that you have lost your money; there is nothing the commission can do about it.

[Odogwu-Blockchain]

The news on the image says funds moved to private ETH wallet but the address is TRON trc20 wallet address starting with T instead of 0x. Make ona know wetin ona dey post o, or ona exaggerate on the matter pass the real matter.

Sha, wetin I know be say, in every rumor, there is little bit of truth inside, the amount fit no be or the the wallet address wey collect the money too fit dey different.

[Smartvirus]

Abeg make cbex investors comot mind from anything like recovery.I sorry for who put hope for EFCC. Red jacket guys wey be major criminal, them nor go do anything. Them just won show their self like say them dey work, them never fit return funds way local forex trading companies dey scam like MBA forex and this one them won come do. See comment way their EFCC official dey make:

Quote: Oyewale further assured investors that their money will be recovered, though it may take time.
“No, it will be very irresponsible and unprofessional if the EFCC says that you have lost your money; there is nothing the commission can do about it.

The thing to ask them be say, them no sabi say this thing go cast before… Omo, people just Dey carry wahala Dey give themselves and later them go come Dey worry authorize to help them Dey do recovery. Omo, these people suppose Dey use their head before them turn up on these schemes. You no go see watin be scam, still carry body out to be scammed and the later you go act ignorant or want make person help you do recovery. That one no Dey work at all for this we country. Highest, them carry you go court, you pay small money, settle the agencies them and just like that, the scammer don Dey free.

[Jegileman]

But shall, our ogbonge EFCC don assure us say their hand already they on desk to track and recover our money but make we give them time say around march them be don warn us say make we Dy alert for all there Ponzi schemes. Currently now them don Dy communicate with Interpol concerning the issue. So make we relax our money no fit go like that.

OP, are you also a victim of this Ponzi scheme? I haven’t tried using never heard or come across it before not until when people begin to voice out on social media that they’ve been wrecked off their money. Even after MMM, another one came that also ran away with people’s money, but I don’t think it was that huge as the time MMM ran away with people’s money. We should learn from the past but unfortunately, some Nigerians are adamants to making money quickly which this is what most of them result into. I saw on social media that someone who lost everything to MMM, still fell a victim of this, isn’t that weird, really. The platform will be working for and everything on deck until they want to run away before they’ll bring an excuse. I don’t think those MMM people were ever caught but let’s see how EFCC can go on this to recover the stolen money.

This one wey EFCC enter this Mata, hmm, the lost too much. Abeg effcc do something. Even if na for everybody to contribute some percentage give them after the successful work e for still good too.

https://punchng.com/youll-get-your-money-back-efcc-assures-cbex-investors/?amp

Why will you contribute money for what is their work to do, it is not done that way and you’re already commuting them a reason to always want to be given money before or after doing their work. I don’t know why all this Ponzi schemes are not from time to time check by all this our regulatory bodies. Any monetary scheme are suppose to have passed through them and they screen the ones that are legit and not allow citizens to invest into something that will steal from them in the end. Even if Nigerians shouldn’t have invested there with all the red flags it was showing, those are their hard earned money and they’re entitled to fight for it to get it back.