By Ayo Kehinde
CBEX, an AI trading platform that gives you 100 per cent Return On Investment, ROI in only 30 days, has crashed or better still looted by it’s fake owners.
According to reports, CBEX is trending because it has ‘officially’ crashed.
On Tuesday, the owners moved $822,852,811.66 (₦1,337,021,554,889.20 trillion) into a private ETH wallet, as users funds disappeared from their wallets and turned to 0.00.
In actual fact, the funds disappeared immediately depositors funded it, right from the very beginning. But they were beyond knowing because some of them really got some returns, which in reality was the money from other unsuspecting funders.
Now, the owners have locked all their Telegram channels, postponed withdrawals. But cleverly, they have kept the game going by giving investors a lifeline.
It is more appropriately a false hope. They say if you have up to $1000 in, you should pay another $200 for verification. If you have less than $1000, you will pay $100 for verification.
They claim that these are because they have suffered a security breach and the payments will be used to authenticate YOU, to enable YOU withdraw your locked funds.
Like Jack, an expert in these matters said, “the red flags are no longer flying. Now, they are walking, running and dancing.
In summary this is what happened.
According to experts CBEX website is too fragile, almost like they deliberately did not put any effort into securing it. And this is why.
“Apparently, when you make payments, you pay it into a TRX account, and then, immediately, they move it from that TRX wallet and, they gather it, and covert it to USDT to ETH. So, when you are logging into your account, there is literally no money on your profile.
“What you see are just numbers. All the daily activities you do to “trade”, to increase your money, all the AI trading, it’s all fake. When it’s time for withdrawal, they will send you another person’s money.
“Since, you won’t be leaving them because of greed, you will most likely put the money back and even more. So, they will use that same money to pay another person. As you spread the word for them, more people will join and do the same.
“This is why you’ve not been able to withdraw.
“Unfortunately, all the money you’ve paid were finally converted to ETH this weekend. A total of $822,852,811.66 million USD. All sent to one particular ETH wallet, where it is sitting pretty, they will likely move it finally this week.
“So, the TRX account paying you is empty. Now to refill this TRX account, they’ve now asked you lots to pay “verification” fee. i.e. the $100 and $200. This one will go into the TRX, USDT accounts, then they will use it to pay some people.
“The cycle begins again.
“We can’t fully say all they’ll move is $822M. Because, they are still moving funds. Alas, Nigerians have gifted these guys about ₦1,337,021,554,889.20 trillion. And they are still asking for more. Nigerian ‘investors’ are wailing across social media platforms. But wait.
“Can it be recovered? Yes. But it’s an expensive process(s).
“But ultimately, they are not a licensed trading platform, they cannot hold your money, that’s why they designed their weak website to look like ByBit, which is a legitimate trading platform. No AI can give you 100% ROI in trading. It was a classic MMM.
“In reality, all the funds are gone. Unless, people decide to pay the $100 and $200 verification fees. That way, they will settle some people.
“If you want to fully understand the technical part with all the lingo, we’ve attached a proper video from security analyst, Taiwo Owolabi. He shows how the money moved and where it moved to.
“This is the TRX address you can trace it yourself:TDqSquXBgUCLYvYC4XZgrprLK589dkhSCf
“The total volume stolen so far in USDT is $847 million. It might increase.”
