The Crypto Bridge Exchange (CBEX) trading platform has resumed operations despite allegations of a N1.2tn digital trading fraud affecting over 600,000 Nigerians.
The platform, which collapsed in April, has announced new withdrawal options to restore investor confidence.
According to traders on the platform, CBEX has quietly resumed operations, allowing new users to register, trade, and withdraw profits.
An insurance verification process and external audit are currently underway to determine the actual amount lost.
Existing investors will be able to withdraw their funds starting June 25, 2025, after the audit is expected to be concluded by a UK-based insurance firm.
This development comes amid ongoing investigations by regulatory agencies, including the Securities and Exchange Commission and the Economic and Financial Crimes Commission.
CBEX had offered investors 100% profit after 30 days of purported AI trading.
The platform was registered with the Corporate Affairs Commission and the EFCC’s Special Control Unit Against Money Laundering but was declared illegal by the Securities and Exchange Commission.