10-6-2025
Crypto Bridge Exchange popularly known as CBEX has resumed operations after thousands of Nigerian investors lost their money on the digital financial platform.
The online firm suddenly stopped operation in April 2025, throwing subscribers into panic with regards to their investments worth thousands of dollars. The Economic and Financial Crimes Commission announced arrests of some suspects in connection with the scheme, noting that funds were traced to at least three to four countries.
In the wake of the event, the EFCC declared some of the scheme’s Nigerian collaborators wanted and another two persons were declared wanted last week, but according to Peoples Gazzatte reports Tuesday CBEX is back in business.
“Someone asked me to log into CBEX account this morning that they have returned our balance,” one of the investors told the Peoples Gazette on Tuesday, sharing a screenshot of the returned investment.
According to them, operators of the Ponzi scheme also requested investors to pay $200 to make their individual accounts active for withdrawals.
“But I think it is a way of luring people into it again because we were asked to pay $200 to continue trading with the account before we can apply for withdrawal,” another investor told the Gazette. “So, the $200 is for those with investments above $1,000. All those below are asked to pay $100.”
