CBEX Resumes Operations Amid SEC Ban and EFCC Probe


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The embattled Crypto Bridge Exchange (CBEX) has resumed operations despite facing a ban from the Securities and Exchange Commission (SEC) and an ongoing N1.2 trillion investigation by the Economic and Financial Crimes Commission (EFCC). The digital trading platform, which reportedly affected over 600,000 Nigerians, has begun allowing fresh user registrations and trading, a move aimed at restoring investor confidence. According to sources, the company has undertaken internal audits and insurance verification processes to ensure compliance, while regulatory investigations continue. Industry observers caution that while CBEX’s resumption may offer short-term relief to investors, scrutiny from regulators and the ongoing investigation into its activities will likely shape the platform’s operations in the months ahead


| 2025-11-15 15:19:19