Thousands of Nigerians are feeling the pain after putting their trust in the CBEX platform, which turned out to be nothing more than a dazzling Ponzi scheme. The supposed "China Beijing Equity Exchange" led eager investors down a winding path to disappointment with its sweet promises of high returns. Initial reports say the losses could be as staggering as ₦1.3 trillion (around $800 million), but crypto sleuths suggest the reality might be a bit less grim, estimating actual losses closer to $12 million.The allure of an AI-driven trading strategy that claimed to guarantee a 100% ROI in just 30 days lured many into the trap. With endorsements on state media touting it as a "poverty alleviation" program, it was a perfect storm that garnered wide attention. But when users tried to cash in their profits, withdrawals came to a sudden halt, leaving many in the lurch.Interestingly, the drama doesn’t stop here. Analysts reveal connections to other shady schemes like LWEX and PCEX that bear a striking resemblance to CBEX's operations. The crypto underworld is buzzing with activity, and it's clear that this isn’t just an isolated incident. CBEX is just another reminder that in the world of crypto, if it sounds too good to be true, it probably is. Investors need to stay sharp and keep their wits about them as they explore the opportunities in digital assets. #memecoin #crypto #solana #Ethereum #ai #bitcoin #cryptocurrency ⚠️ Disclaimer: This analysis is for informational purposes only and should not be considered financial or investment advice. via /r/Blockmandev https://ift.tt/xrTY9kA
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