SEC warns the Nigerians for the alleged return of CBEX

Following a report on the return of Crypto Bridge Exchange (CBEX), the Securities and Exchange Commission (SEC) has warned the Nigerians not to transact with the platform, describing it as an illegal operator.

In a statement on Wednesday, June 11, 2025, the Commission noted that the remaining platform was prohibited in Nigeria,

SEC also informs the public investment that CBEX also operates with the name ‘ST Technologies International Ltd’ – also known as Smart Treasure or Super Technology.

Ripples Nigeria reported that CBEX fell on Monday, April 15, 2025 and allegedly sweeping N1.3 trillion from an investor account after promising investors, 100 percent investment returns.

This development threw millions of Nigerians who lost a large amount of money to be desperate.

In a surprising development, social media is yesterday that the platform has made a return, asking investors affected to pay a new $ 200 for customers with balances above $ 1,000, and $ 100 for those who have a balance of less than $ 1,000 before the withdrawal can be processed.

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React to this latest development, SEC warns that; “The attention of the Securities and Exchange Commission (Commission) has been interested in media reports that show that CBEX (Crypto Bridge Exchange), which operates under the identity of the company ST Technologies International Ltd., is also known as Smart Treasure/Super Technology, has continued operations throughout Nigeria.

“According to reports, the CBEX promoter demands $ 200 from their customers with a balance above $ 1,000, and $ 100 of those who have a balance of less than $ 1000 before the withdrawal can be processed.

“The commission hereby declares firmly again that both CBEX and ST Technologies International Ltd (or Smart Treasure/Super Technology) are not registered with the commission or are authorized to offer services related to investment to the Nigerian public.

“In fact, law enforcement actions have begun to CBEX and their promoters participate in previous unauthorized investment activities and the commission collaborates with relevant law enforcement agencies to investigate well CBEX/ST Technologies International Ltd. and will take appropriate action in line with investment provisions and Securities Law 2025.

“Therefore, the Nigerian public is advised to refrain from patronizing or transacting with CBEX /ST Technologies International Ltd (Smart Treasure or Super Technology) because they are at risk of losing their funds.

“The public is advised to verify the registration status of the investment platform through a special commission portal: www.sec.gov.ng/cmos before transacting. The commission remains committed to protecting investors and maintaining market integrity, “he said.

By: Babajide Okeowo