27 Reportedly Hospitalised Over Crash Of CBEX In Oyo

No fewer than 27 persons have reportedly been hospitalised following the crash of a digital digital asset trading platform, known as CBEX in Oyo State.

Nigerians who subscribed to what is now regarded as a Ponzi scheme took to their various social media platforms to lament their losses after CBEX allegedly swept over N1.3 trillion from investors’ accounts on Monday.

This comes as CBEX, operating without legal approval from the Nigeria Securities Commission, crashed on Monday with the money in their investors’ wallets vanished.

The digital platform also locked its Telegram channels and postponed withdrawals while offering investors the option of $200 for $2,000 verification and $100 for deposits below $1,000.

The development had sparked condemnations from Nigerians on X with some landing in hospitals.

A victim, Sherif Latifu, who resides in Ibadan said that many who lost money to the crash of the digital platform have now been hospitalised at various hospitals in the town, calling on Governor Seyi Makinde to help them to subsidise the hospital bills.