CBEX, a Crypto Bridge trading platform that fights, resumes operations, despite alleged fraud in N1.2TN digital transactions, reportedly affecting 600,000 Nigerians, announcing new withdrawal options to restore investor confidence.
According to Punch, two traders on the CBEX platform confirmed that while regulators are investigating, the digital trading company has quietly resumed operations, allowing new users to register, trade and withdraw profits.
According to sources, an insurance verification process and an external audit of the company’s financial records are underway to determine the amount of losses in the plan, which collapsed in April.
They added that existing investors, many of whom cannot get funding within weeks, will be able to pull out their funds starting on 25 June 2025, when the audit is expected to be concluded by an insurance company in the UK.
The development took place weeks after the SEC declared the platform illegal, with the Economic and Financial Crime Commission confirming the ongoing investigation into the company’s business.
CBEX is a digital investment platform that provides investors with 100% profit after 30 days of claiming AI trading. The trading platform was approved by the Company Affairs Committee on September 25, 2024 and started operations on September 25, 2024, and received a special control department for money laundering on January 16, 2025.
It is reported that Nigerians have invested no less than 600,000 Nigerians after the bankruptcy on April 14, 2025.
