Investors on the Crypto Bridge Exchange (CBEX) platform are celebrating as commercial volumes have been returned from an anterior zero balance, which caused a renewed confidence in the digital exchange operations.
Merchants can now access their accounts and resume trade with renewed guarantee, after weeks of tension and uncertainty.
Cbex first caught attention in 2024 with promises of a 100% yield of investment within 30 days, according to the reports promoted by the algorithmic trade of AI.
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Sporting Sporting Shanghai of brand inspired by Shanghai and 'offices' high profile in Lagos and Ibadan, Cbex attracted numerous Nigerians through multilevel reference incentives.
However, Tribune Online reported on April 14, 2025 that CBEX emptied the accounts of hundreds of investors without prior notice.
This led to stagnant withdrawals and users to be blocked from their accounts, which subsequently led the anguished investors to protest in the physical branches.
Subsequently, the Commission of Economic and Financial Crimes (EFCC) began investigating the collapse of the platform and declared that some suspects were looking for before making some arrests.
Tribune Online also reports that the president of the EFCC recently announced that the Anti-Injustrto agency has been able to recover some funds from the platform.
Nigerian tribe