The Crypto Bridge Exchange (CBEX) trading platform has resumed operations, even as Nigerian authorities continue investigations into its alleged involvement in a ₦1.2 trillion digital investment scam.

CBEX, which abruptly crashed on April 14, 2025, reportedly left over 600,000 Nigerians unable to access their funds. The platform had gained popularity by offering investors 100% returns within 30 days, supposedly through AI-driven trading—claims that financial experts and regulators now view as deceptive.

In a surprising move, traders confirmed on Wednesday that CBEX has reopened its website to new users, allowing registration, trading, and profit withdrawals. This is happening despite public warnings and a ban issued by both the Economic and Financial Crimes Commission (EFCC) and the Securities and Exchange Commission (SEC), which have both declared the platform illegal.

To regain investor trust, CBEX has also announced new withdrawal options and promised that existing users will be able to access their locked funds starting June 25, 2025. The company claims this will follow the completion of an audit currently being conducted by a UK-based insurance firm.

However, the move has raised serious concerns. A senior EFCC official, speaking anonymously, described the platform’s actions as “a blatant disregard for regulatory authority,” hinting that further enforcement measures could follow.

Despite ongoing investigations and multiple red flags, CBEX’s relaunch appears to be attracting fresh interest—fueling fears that unsuspecting investors may again fall victim to what regulators are calling a fraudulent scheme.

Authorities continue to urge the public to avoid engaging with the platform until investigations are concluded and a formal position is issued.