Has Cbex Trading really crashed? This question has been trending across social media platforms in Nigeria. Thousands of users are worried, confused, and searching for answers.
In this detailed article, we will explain what happened to Cbex Trading in Nigeria, the warning signs, user experiences, possible recovery options, and what you should do if you have funds in the platform.
Let’s get started by understanding what Cbex Trading is.
What Is Cbex Trading?
Cbex Trading is (or was) an online platform that offered cryptocurrency investment and trading services. It claimed to offer high returns on investments by helping users trade digital assets like Bitcoin, Ethereum, and USDT (Tether). The platform grew quickly in Nigeria, especially in late 2023 and early 2024, thanks to aggressive marketing and referral programs.
Many Nigerians joined Cbex Trading believing it was a legit way to earn passive income. Some even referred their friends and family to join, hoping to earn referral bonuses and withdraw profits weekly.
Why Did Cbex Trading Become Popular in Nigeria?
Cbex became popular in Nigeria for the following reasons:
- Promise of Daily Profits
The platform claimed users could earn up to 5% daily returns depending on the plan they selected. - User-Friendly Interface
The app and website were easy to use, even for people who were new to crypto trading. - Referral Bonuses
Cbex gave users bonuses for inviting friends, which made many Nigerians promote it actively. - Crypto Craze
Nigerians are becoming more interested in cryptocurrency and online trading. Cbex offered an easy entry point. - No Trading Skills Needed
Cbex promised automatic trading with AI, so users didn’t need to know how to trade.
But as the saying goes, “If it’s too good to be true, it probably is.”
The First Signs of Trouble
By early April 2025, several users started complaining online. Some common complaints included:
- Withdrawals being delayed or pending for days
- The customer service not replying to messages
- Referral bonuses not showing up
- The app crashing or showing errors
- Difficulty logging in
At first, people thought it was just a technical issue. But as the days passed, things got worse.
Cbex Trading Crashed – What Really Happened?
As of mid-April 2025, the Cbex Trading platform appears to have crashed or shut down completely.
Here are the key signs that show Cbex has possibly crashed in Nigeria:
1. App Not Working
Users report that the Cbex app no longer loads properly. For some, it doesn’t open at all. Others get error messages when trying to log in.
2. Website Offline
The official website is either down or very slow. When it loads, it sometimes shows a maintenance message or server error.
3. No Communication from Admins
There has been no official message from the Cbex team. Their Telegram group has been silent. The last message on their social media was several days ago.
4. Withdrawals Are Not Processed
Users who tried to withdraw funds have not received their money. Some have waited for over a week.
5. Referral Program Stopped Working
New users are no longer able to register, and existing users say their referral earnings have disappeared.
6. Rumors of a Scam
Multiple crypto influencers and YouTubers have declared Cbex as a Ponzi scheme that has now crashed.
Was Cbex Trading a Scam or Legit?
While Cbex looked legit at first, all the signs now point to it being a Ponzi scheme. These are the characteristics that suggest it was never a genuine trading platform:
- No real trading shown: Users never saw actual trades taking place.
- Too high returns: Offering 3–5% daily is unrealistic in crypto or any financial market.
- Heavy reliance on referrals: The system rewarded people for inviting others rather than trading.
- No transparency: There was no real information about who owns or manages the platform.
- Disappearing support: Once problems started, there was no support available.
So yes, it seems Cbex was a well-organized scam that crashed after collecting enough money.
How Much Did Nigerians Lose?
There is no official figure yet, but estimates suggest millions of naira were lost by Nigerian users.
Some people invested as low as ₦10,000, while others went as high as ₦1 million or more. Since many users also referred friends and family, the crash has affected entire communities.
User Experiences – What People Are Saying
Here are a few comments from real users on social media:
- “I invested ₦250,000 in Cbex and was waiting for my third withdrawal. Now the app doesn’t open again. I’m finished.”
- “I convinced 5 of my friends to join. Now they are all angry with me. I feel ashamed.”
- “This is why I don’t trust any platform without real people behind it. Another Ponzi bites the dust.”
- “The signs were there. We just ignored them. I guess greed got the better of us.”
These stories show the emotional and financial pain many are now going through.
Can You Get Your Money Back?
This is the most important question, and unfortunately, the answer is most likely no.
Here’s why:
- No regulation: Cbex was not registered or regulated by any Nigerian authority like SEC or CBN.
- No known owners: There’s no way to contact the real people behind the platform.
- Crypto is hard to trace: Most funds were sent in USDT or other crypto coins, which are difficult to track once moved to private wallets.
Unless law enforcement takes quick action or someone exposes the people behind it, recovery is unlikely.
What To Do If You Lost Money in Cbex Trading
If you’ve lost money, here are a few steps you can take:
1. Report to EFCC or Police
Even if you think there’s no hope, it’s still good to report. Enough complaints can lead to an investigation.
2. Warn Others
Tell your friends and family about what happened. Don’t let them fall into similar traps.
3. Avoid Revenge Investments
Many people try to recover their money by jumping into another scheme. Don’t do it. That’s how people go from losing ₦100k to ₦1 million.
4. Learn and Move On
Use this experience as a learning moment. Always do background checks before investing in any online platform.
How to Avoid Future Online Trading Scams
Here are tips to protect yourself from similar scams:
1. Check Regulation
Only invest in platforms registered with the Nigerian SEC or other trusted regulators.
2. Avoid Unrealistic Returns
Any platform promising 5% daily or 100% in a month is likely a scam.
3. Research the Founders
Make sure the team behind the project is real, visible, and has a track record.
4. Don’t Trust Only Referrals
Just because a friend uses it doesn’t make it safe. Do your own research.
5. Use Trusted Exchanges
Platforms like Binance, Bybit, and Coinbase are safer for trading.
Cbex Alternatives That Are Safe
If you’re still interested in crypto trading, here are better options to explore:
1. Binance
The world’s largest crypto exchange. Offers both simple and advanced trading tools.
2. Bybit
Popular in Nigeria for spot and futures trading. Fast withdrawals and good support.
3. Paxful or Binance P2P
Good for buying crypto directly from other users using naira.
4. Bundle Africa
Simple app made for Africans who want to trade and save crypto.
Remember, none of these platforms guarantee profits. You need to learn and trade wisely.
Final Thoughts
So, has Cbex Trading crashed in Nigeria? Sadly, yes. The platform has gone silent, the app is down, withdrawals have stopped, and thousands of users are left confused and heartbroken.
The lesson here is simple — never invest in a platform you don’t fully understand, no matter how sweet the returns sound.
If you lost money, don’t blame yourself too much. Scammers are getting smarter every day. What matters now is how you move forward.
Please share this post to help others avoid similar scams.
Frequently Asked Questions (FAQs)
1. Is Cbex Trading still working in Nigeria?
No. As of April 2025, the platform appears to have crashed. Users can no longer log in or withdraw money.
2. Can I still withdraw from Cbex?
Currently, no withdrawals are being processed. The app is not working for most users.
3. Is Cbex a scam?
All evidence suggests that Cbex was a Ponzi scheme. There were no real trades, and users were paid from new deposits.
4. Will the owners of Cbex be arrested?
That depends on whether authorities can identify and locate them. So far, there is no public progress.
5. What should I do if I invested in Cbex?
Report to the authorities and warn others. Avoid putting more money into any similar platforms.