In a surprising twist, the embattled Crypto Bridge Exchange (CBEX) platform, at the heart of an alleged ₦1.2 trillion digital investment fraud that reportedly affected over 600,000 Nigerians, has resumed operations, reopening its platform to users and introducing new withdrawal options in a bid to regain investor trust.
Despite facing an active investigation by regulatory agencies, CBEX has quietly gone back online. According to confirmation from two traders speaking to The PUNCH on Wednesday, the platform is once again enabling new user registrations, trading activities, and profit withdrawals.
Insiders revealed that an external audit and insurance verification are currently underway to determine the true extent of the losses, following the collapse of the scheme in April. The ongoing financial review is reportedly being conducted by a UK-based insurance firm.
Existing investors, many of whom have been locked out of their funds for several weeks, have been told they will be able to access their capital starting June 25, 2025, after the audit is finalised.
The development comes shortly after the Securities and Exchange Commission (SEC) declared CBEX’s operations illegal and the Economic and Financial Crimes Commission (EFCC) confirmed it had launched a full-scale investigation into the firm.
