Despite Ban, a Well-Known Platform for Scamming Nigerians Resumes Operations.
Despite Ban, a Well-Known Platform for Scamming Nigerians Resumes Operations.
(Nigerian News)
As it trends.
Despite a government crackdown, the Crypto Bridge Exchange (CBEX) has resumed operations, sparking outrage among victims and financial regulators.
Previously banned by Nigeria’s Securities and Exchange Commission (SEC) for fraudulent activities, CBEX is still processing transactions, despite an ongoing ₦1.2 trillion fraud investigation by the Economic and Financial Crimes Commission (EFCC).
Authorities warn Nigerians to avoid CBEX, as many users remain unable to access their funds.
With legal battles ahead, critics demand stricter enforcement to shut down fraudulent platforms that exploit unsuspecting investors.
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