What is CBEX and Why Everyone’s Talking About It?
CBEX, Claiming to be a Crypto Exchange, promised users daily returns of 1.5% through AI-powered trading. It quickly gained popularity on social media and messaging apps, especially in Nigeria based on google trends! The hype grew fast, and so did the number of people joining—mostly by referral links from friends or influencers.
CBEX Unrealistic Returns & False Trading Claims
Any platform offering 45% returns monthly should raise immediate concerns. Even the most experienced traders can’t sustain those gains consistently. CBEX’s claim of 99.8% success rates in trading is just a lie and simply not possible in any kind of markets these days. These numbers just designed to attract greedy investmentors.
Red Flags That Prove CBEX Is a Scam
CBEX showed several red flags from the beginning:
- No verified leadership team
- No legitimate app on Play Store or App Store
- Multiple websites claiming to be the official site
- Dubious APK downloads
- No proof of actual trading
- Unverifiable testimonials
It was also flagged as suspicious by regulatory bodies and independent crypto security researchers.
How CBEX Actually Works: A Classic Crypto Ponzi
CBEX never made money from trading. Instead, it paid earlier users with money from newer ones. The more people signed up, the longer it could sustain the illusion. But eventually, as new sign-ups slowed, the money flow dried up and the pyramid falls on the latest investors.
Don’t Put In More Money — It’s the Final Trap
Normally when projects like CBEX are about to collapse, they begin using tactics to grab additional money from investors. You should be vigilant about common traps such as suddenly asking for ‘verification fees,’ ‘account reactivation charges,’ or demands to ‘deposit more to unlock withdrawals.’
These Lies are last tricks to get final payments before complete shutdown. Understanding these warning signs can help you recognize the final phase of a collapsing scheme and avoid sending additional money into a falling pyramid.
Beware of Fake Withdrawal Agents
Scammers often appear right after platforms like CBEX go down. They promise to help you recover your funds in exchange for upfront little fees. Sadly, these are just more scammers jumping on victims. No legitimate recovery service will ask for money before delivering results and in these cases no individual can help you find stolen funds.
ScamMinder AI Can Detect Scams Like CBEX Before You’re Tricked
ScamMinder is a free AI-powered website checker that flags high-risk platforms before you get involved. It reviews red flags like these kind of fake profit claims, unverifiable company info, miss-match claims and information, and more. Tools like this can help you spot fraud before it’s too late.
What To Do If You’ve Been Scammed by CBEX (Conclusion)
The collapse of CBEX has left many with more than just financial loss — it’s taken trust, hope, and in some cases, peace of mind. If you’re one of the people who invested, know that you’re not alone, and you’re not to blame for believing in something that appeared genuine.
These schemes are carefully crafted to appear real, using flashy promotions, fake data, and even familiar faces to lure in everyday people. But this should also be a moment of reflection for those who promoted CBEX without proper investigation.
Influencers, social media marketers, and referral leaders who built massive downlines now have a moral responsibility to speak up and be transparent about their role. And those at the top — who walked away with far more than they ever invested — share responsibility for the losses felt by so many others down the line. Their profits came at the cost of someone else’s trust and savings.
