A group of angry individuals, Tuesday besieged the CBEX office located in the Oke Ado area of Ibadan, Oyo State, looting furniture and other items after the digital trading platform reportedly crashed.
Eyewitnesses said the mob forcibly entered the premises, carting away tables, couches, and other office equipment.
The attack is believed to have been triggered by the sudden collapse of the platform, which allegedly left many users with zero balance in their accounts.
Following the incident, several users expressed frustration and grief over the loss of their investments, with some taking to social media to share their experiences.
A video circulating online shows a large crowd at the CBEX office, with individuals seen removing various items from the building.
Authorities were yet to release an official statement regarding the incident or confirm whether any arrests have been made.
Reports stated that CBEX promoted itself as a high-yield investment platform, promising investors a 100% return on investment within just one month. The platform operated solely in U.S. dollars, luring many with the appeal of fast, foreign-currency returns.
Among the victims were two women who appeared in a trending video, emotionally recounting their experience. One of them said she had only recently signed up for the platform before it went down taking her money with it.
Social media has since been flooded with reactions, with many expressing a mix of sympathy, criticism, and warnings to others.
While some empathised with the victims, others pointed out the dangers of get-rich-quick schemes.
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