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flag Nigerian trading platform CBEX collapses, leaving investors with $3 billion in losses.

flag A Nigerian digital trading platform, CBEX, collapsed, leaving investors with zero balances and causing an estimated $3 billion in losses. flag The platform promised a 100% return on investments within a month but was not registered with the Nigerian Securities and Exchange Commission (SEC), making it illegal. flag Investors faced withdrawal issues and account balances reset to zero. flag The SEC has warned against unregistered platforms, and the incident has led to office raids by angry investors.

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