The CBEX scam has rocked the Nigerian crypto space — thousands of victims, millions of naira gone, and yet, the platform vanished into thin air. In this video, I break down the full story behind the CBEX crypto fraud, how the scam worked, what legal steps victims can take, and the role Nigerian regulators like SEC, CBN, and EFCC should play going forward. As a Legal & Compliance professional, I bring you informed, up-to-date, and practical insight — with a bit of humour (because what is Naija without vibes?).
Timestamps:
00:00 – Hook: “They said invest, now you’re broke”
00:30 – What is CBEX and how the scam started
02:30 – Victims’ stories and how money vanished 04:30 – Legal options: EFCC, lawsuits, class actions
07:00 – Where were the regulators?
09:00 – Investor advice: due diligence or tears
10:30 – Conclusion & how to protect yourself legally
Are you a victim of CBEX or any Ponzi scheme? Leave a comment below or reach out on Instagram @Lawyer_Wey_Sabi for legal guidance.
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