According to the SEC, CBEX is not Recognized as a Registered Organization

The Securities and Exchange Commission (SEC) has warned Nigerians that CBEX, also called Crypto Bridge Exchange, is not recognized as a registered organization to operate in Nigeria. This means CBEX is not allowed to run as a digital assets exchange or ask people to invest money through its platform. The SEC told everyone to be careful and avoid doing business with CBEX.

CBEX has been using different names like ST Technologies International Ltd and Smart Treasure or Super Technology. It promised people very high returns, like doubling their money in just 30 days. But the SEC found out that CBEX was not authorized to do this and was tricking people by making fake promises. Many investors now say they cannot get their money back, and the company has even closed its offices because of all the complaints.

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The SEC made it clear that CBEX is not a registered organization and has never been allowed to operate in Nigeria’s financial market. Because of this, the SEC is working with the police and other agencies to take action against CBEX and the people behind it. The new law called the Investments and Securities Act 2025 gives the SEC more power to stop illegal investment schemes like this one.

The head of the SEC, Emomotimi Agama, said the commission is serious about stopping scams that promise quick and unrealistic money. He said the SEC will use the new law to make sure those running CBEX face the consequences. Agama also said the SEC supports new ideas in finance, but all businesses must follow the rules to protect people’s money.

The SEC also warned Nigerians to be very careful when investing, especially if a company promises very high returns or is not registered with the SEC. It is important to check if an investment platform is registered before putting in your money. The SEC wants everyone to know that CBEX is not a registered organization and is operating illegally.

The government has also shown concern for the people who lost money to CBEX. Officials are working hard to stop these kinds of scams and bring those responsible to justice. Agencies like the Economic and Financial Crimes Commission (EFCC) are investigating CBEX to find out what happened and try to help victims get their money back.

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CBEX is not recognized as a registered organization and should not be trusted. The SEC is taking strong steps to protect Nigerians from fake investment schemes like CBEX. If you want to invest, always make sure the company is registered and follows the rules. This way, you can keep your money safe and avoid falling for scams.

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