CBEX resumes operations with new bonuses, mentions the date old investors will be able to withdraw funds

• Three weeks aft its archetypal collapse, CBEX has reportedly resumed concern and trading operations
• Insider sources assertion that caller users are trading and withdrawing with ease, and mentioned day aged users would beryllium capable to withdraw
• The EFCC precocious commenced investigations into the CBEX concern level and has declared 8 suspects wanted

Legit.ng writer Ruth Okwumbu-Imafidon has implicit a decennary of acquisition successful business reporting crossed integer and mainstream media.

Amid aggregate investigations ongoing, the CBEX platform has reportedly resumed operations, allowing caller registrations and deposits.

Reports assertion that the caller users can register, marque deposits, trade, and retreat profits, portion aged investors volition person to hold result of investigations from the regulatory agencies earlier they tin marque withdrawals.

Sources connected the CBEX level accidental that 1 of the issues to beryllium confirmed successful the investigations and audits is the existent magnitude mislaid connected the level arsenic of the clip of its alleged illness connected April 16, 2025.

CBEX Defies EFCC Probe, Resumes Operations Promising Bonuses And Easy Withdrawal To New Investors Photo credit: drpenking
Source: Twitter

Traders suffer implicit $1 cardinal to CBEX

While reports person claimed respective amounts mislaid to the platform, the organisers assertion the figures are inflated.

Some reports alleged that astir N1.2 trillion belonging to implicit 600,000 Nigerians was trapped connected the CBEX level erstwhile withdrawals were abruptly restricted.

In an earlier Legit.ng report, a cybersecurity adept confirmed that astir $822.85 cardinal had been moved from the deposit wallets successful 1 weekend.

Two traders connected the CBEX level told The PUNCH that an outer audit of CBEX fiscal records and an security verification process are ongoing to ascertain the existent funds lost.

They claimed that the audit is being conducted by a UK-based security steadfast and volition beryllium completed earlier June 25, 2025.

CBEX mentions day aged investors would beryllium capable to retreat funds

According to the sources, they person been assured that aged investors volition beryllium capable to commencement withdrawing their funds from June 25, 2025, astatine which constituent the audit volition beryllium completed.

According to the reporters, aged users connected the level see implicit 600,000 Nigerians said to person invested successful the scheme.

SEC takes enactment against CBEX promoters

Recall that the Securities and Exchange Commission (SEC) has started its investigations into the strategy aft announcing connected its website that CBEX was ne'er licensed oregon certified to person concern from Nigerians.

The SEC has gone up to unafraid an apprehension and detain warrant connected eight suspects alleged to person promoted CBEX - Johnson Oteno, Joseph Michiro, Serah Michiro, Israel Mbaluka, Adefowora Oluwanisola, Adefowora Olanipekun, Emmanuel Uko, and Seyi Oloyede.

The suspects allegedly orchestrated a scam to lure and defraud thousands of investors done the Crypto Bridge Exchange (CBEX) and ST Technologies International Limited.

According to the EFCC report, the strategy promised 100% returns connected investments aft converting them to USDT for trading.

The EFCC tribunal affidavit argued the value of granting the apprehension warrants to spot the suspects connected a red-watch list, to beryllium tracked and prosecuted.

The PUNCH reports that Adefowora Abiodun has voluntarily turned himself successful to the EFCC for interrogation.

SEC has reiterated its warnings for Nigerians to debar unlicensed and unregulated concern platforms and Ponzi schemes, particularly those that connection unrealistic returns.

Investors flock successful again arsenic CBEX resumes operations

According to the sources, caller investors are defying each the warnings and person started registering and trading.

CBEX investors abruptly discovered their wallets bare connected evening of April 16, 2025. Photo credit: Isiyaldiz
Source: UGC

They assertion that caller accounts tin commercialized and withdraw, but aged accounts cannot, arsenic their funds were wiped retired successful a commercialized and tin lone beryllium retrieved aft the security steadfast conducts its investigations. The sources claimed the promoters are keen to wide the CBEX sanction of each allegations of fraud oregon Ponzi.

They noted that caller telegram groups person been created for accusation sharing with the caller investors, truthful that they tin commercialized and retreat their profits with ease.

CBEX insists connected verification for investors

Legit.ng earlier reported that CBEX directed users to verify their accounts with further deposits earlier they could entree their funds.

Investors were reported to person rushed to marque the $100 and $200 deposits required to beryllium capable to entree their accounts.

This was successful effect to a station connected their respective Telegram groups informing that nonaccomplishment to verify accounts would effect successful imperishable nonaccomplishment of funds.

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Source: Legit.ng