The CBEX platform, previously hit by a massive N1.2 trillion fraud scandal, has quietly resumed operations in what appears to be an effort to rebuild investor trust.
This move follows weeks of silence after the alleged collapse of the trading scheme that left over 600,000 Nigerians stranded.
Two traders on the CBEX platform confirmed to Punch that trading activities had resumed.
New users are now able to register, trade, and withdraw profits despite the storm of controversies and ongoing investigations surrounding the firm.
The audit is being conducted by a UK-based insurance firm to determine the actual losses suffered by investors.
This step is seen as crucial to restoring faith in the platform’s intentions.
Moreover, the CBEX team announced that from June 25, 2025, existing users especially those who have been unable to withdraw their funds will be able to do so.
This timeline reportedly aligns with the expected conclusion of the audit.
The company’s recent steps appear to be aimed at reassuring investors that it is not fleeing from responsibility.
Instead, CBEX is working to regain confidence through structured updates and transparent processes.
This follows strong criticism and pressure from the public and authorities alike.
CBEX originally launched in 2024 and quickly gained popularity by promising users 100 percent returns in just 30 days.
These profits were claimed to come from AI-powered trading strategies.
The firm was officially registered by the Corporate Affairs Commission on September 25, 2024, and further cleared by the EFCC’s Special Control Unit Against Money Laundering on January 16, 2025.
However, its operations were later declared illegal by the Securities and Exchange Commission.
The EFCC also confirmed that a full investigation into the platform’s dealings is ongoing.
Meanwhile, thousands of affected Nigerians continue to await justice and compensation.
The CBEX platform, previously hit by a massive N1.2 trillion fraud scandal, has quietly resumed operations in what appears to be an effort to rebuild investor trust.
This move follows weeks of silence after the alleged collapse of the trading scheme that left over 600,000 Nigerians stranded.
Two traders on the CBEX platform confirmed to Punch that trading activities had resumed.
New users are now able to register, trade, and withdraw profits despite the storm of controversies and ongoing investigations surrounding the firm.
The audit is being conducted by a UK-based insurance firm to determine the actual losses suffered by investors.
This step is seen as crucial to restoring faith in the platform’s intentions.
Moreover, the CBEX team announced that from June 25, 2025, existing users especially those who have been unable to withdraw their funds will be able to do so.
This timeline reportedly aligns with the expected conclusion of the audit.
The company’s recent steps appear to be aimed at reassuring investors that it is not fleeing from responsibility.
Instead, CBEX is working to regain confidence through structured updates and transparent processes.
This follows strong criticism and pressure from the public and authorities alike.
CBEX originally launched in 2024 and quickly gained popularity by promising users 100 percent returns in just 30 days.
These profits were claimed to come from AI-powered trading strategies.
The firm was officially registered by the Corporate Affairs Commission on September 25, 2024, and further cleared by the EFCC’s Special Control Unit Against Money Laundering on January 16, 2025.
However, its operations were later declared illegal by the Securities and Exchange Commission.
The EFCC also confirmed that a full investigation into the platform’s dealings is ongoing.
Meanwhile, thousands of affected Nigerians continue to await justice and compensation.
How Dem dey talk am again; once shy, twice bitten abi once bitten twice shy ni