CBEX resumes back operations in Nigeria despite frozen funds
This article explains why some desperate Nigerians are still falling victim of CBEX one more time.
CBEX resumes back operations in Nigeria despite frozen funds
The fraudulent digital investment platform that operated a Ponzi scheme that collapsed in April 2025 and caused big financial losses for over 600,000 Nigerians, CryptoBridge eXchange (CBEX), is back again to milk Nigerians with another sweet strategy. The CBEX's new strategies have gotten desperate Nigerians to paying again despite the fact that their funds are still unaccessible for withdrawals. It's now two months that CBEX has hait withdrawals for thousands of Nigerians. CBEX is nothing but a ponzi scheme. The fake investment platform claimed to be a crypto exchange, but it lured investors with promises of 100% returns within 30 days through AI-powered cryptocurrency trading. Meanwhile, the platform was unregistered and illegal, as confirmed by the Securities and Exchange Commission (SEC). Despite regulatory combats, the people behind the platform still have the gut to come back with another strategies. In fact, the platform is now operating under various domain names which ma…
About the author
He is a seasoned journalist with extensive experience in consumer tech, economy, finance, business, money and shopping. Currently chasing a BSc degree in Accounting.
