CBEX: EFCC declares two more wanted
The Economic and Financial Crimes Commission (EFCC) has declared two more people wanted. This is connected to a major fraud case involving Crypto Bridge Exchange (CBEX), an online digital trading platform. The two people, Folashade Odelana and Bamidele Ayodele Abiodun, are accused of carrying out a scam that caused huge financial losses for many investors. […]
EFCC traces CBEX funds to four countries
The Economic and Financial Crimes Commission (EFCC) has found that money from the failed CBEX crypto exchange was sent to at least four countries. The EFCC chairman, Ola Olukoyede, shared this news during an interview on Channels Television on Wednesday, April 30. Olukoyede said the agency had frozen several bank accounts linked to the fraud […]
CBEX reportedly resumes operations despite N1.2tn EFCC probe
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 […]
CBEX: Nigerians lose N1.3tn as digital trading platform crashes
Many Nigerians are upset after losing a lot of money to a digital trading platform called CBEX. The platform crashed on Monday, and investors discovered that all their money had disappeared. Reports say over N1.3 trillion was lost. CBEX was not officially registered with Nigeria’s Securities and Exchange Commission (SEC), meaning it was operating illegally. […]