Crypto Bridge Exchange (CBEX), the trading platform under investigation for an alleged N1.2tn fraud affecting over 600,000 Nigerians, has reportedly resumed operations. Despite ongoing probes by the EFCC and being declared illegal by the SEC, CBEX is offering new withdrawal options to regain investor trust.
According to sources, the platform has quietly reopened, allowing new registrations, trading, and profit withdrawals. An insurance verification and external audit are underway to determine the total losses from the scheme, which collapsed in April.
Existing investors, locked out of their funds for weeks, may be able to make withdrawals starting June 25, 2025, following the expected completion of the audit by a UK-based insurance firm.
CBEX, which promised 100% profit in 30 days through purported AI trading, began operations in 2024 and received registration approvals before its collapse on April 14, 2025, allegedly impacting a vast number of Nigerian investors.
