August 5, 2025

Economic and Financial Crimes Commission

General

CBEX Reopens for Trading Amid SEC Ban and Ongoing ₦1.2tn EFCC Fraud Investigation

Despite being banned by the Securities and Exchange Commission (SEC) and under investigation by the Economic and Financial Crimes Commission (EFCC) for an alleged ₦1.2 trillion fraud affecting over 600,000 Nigerians, the embattled digital trading platform Crypto Bridge Exchange (CBEX) has quietly resumed operations. The platform has reintroduced withdrawal options and is allowing new users

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