CBEX
CBEX Heist: EFCC Declares Two Nigerians Wanted
The Economic and Financial Crimes Commission (EFCC) has declared two Nigerian nationals, Folashade Odelana and Bamidele Ayodele Abiodun, wanted in connection with a large-scale cryptocurrency fraud. The fraudulent activity is linked to the now-notorious digital trading platform, Crypto Bridge Exchange (CBEX), and has resulted in significant financial losses for thousands of unsuspecting investors. According to […]
CBEX: EFCC Drops Foreigner Elie Bitar from Wanted List
EFCC Removes Foreign National Elie Bitar from Wanted List Amid Ongoing CBEX Fraud Investigation The Economic and Financial Crimes Commission (EFCC) of Nigeria has officially removed Elie Bitar, a 41-year-old foreign national, from its list of wanted persons. This development follows his earlier inclusion on the list in connection with a high-profile financial fraud scandal […]
Nigerians Behind CBEX Scam Exposed
Based on publicly accessible information, Nigerian leaders and promoters of the CBEX scam operation have been exposed. Nigerian promoters of the pyramid scam have been revealed, while Nigerian investors in the collapsing Ponzi cryptocurrency platform, CryptoBridge Exchange – CBEX, continue to regret their actions for investing. Following its collapse on April 14, 2025, thousands of […]
SEC Declares CBEX Unregistered
The Securities and Exchange Commission (SEC) has issued a strong warning to the Nigerian public regarding Crypto Bridge Exchange (CBEX), declaring that the digital asset trading platform is not registered to operate within the Nigerian capital market. The regulatory body emphasized that CBEX and its affiliated companies, including ST Technologies International Ltd and Smart Treasure/Super […]
EFCC Probes N1.3trn CBEX Investment Fraud
We had our intelligence before the incident. We were already working on it, but now that the scheme has collapsed, the major actors and their collaborators will be brought in. An extensive investigation into an alleged ₦1.3 trillion scam that was carried out through the digital investment platform, CryptoBank Exchange (CBEX), has been launched by […]