CBEX, a popular crypto trading platform that collapsed in April 2025, is back online even though it is being investigated for a massive fraud case involving over N1.2 trillion. The platform reportedly affected more than 600,000 Nigerian investors.

According to Punch, some traders on the platform said CBEX has quietly resumed operations. New users can now register, trade, and even withdraw their profits. This is happening while investigations by Nigerian financial authorities are still ongoing.

Sources say the company is now undergoing an insurance check and a financial audit by a UK-based insurance firm. The audit aims to determine how much money was actually lost. Investors who have been unable to access their money are expected to start receiving their funds from June 25, 2025, once the audit is completed.

This return comes just weeks after the Securities and Exchange Commission (SEC) declared CBEX illegal and the Economic and Financial Crimes Commission (EFCC) confirmed it is still investigating the platform.

CBEX was known for offering users 100% profit in 30 days through what it claimed was AI-powered trading. The platform launched in 2024 after getting approval from the Corporate Affairs Commission and the EFCC’s anti-money laundering unit in early 2025.