Activity

The Securities and Exchange Commission (SEC) in Nigeria has declared that Crypto Bridge Exchange (CBEX), also operating under the names ST Technologies International Ltd, Smart Treasure, and Super Technology, is an unregistered and illegal entity.
The SEC has repeatedly warned the Nigerian public to refrain from engaging in any investment-related transactions with CBEX, emphasizing that the platform is not authorized to offer such services in the country. This warning comes amidst reports that CBEX had resumed operations, even demanding withdrawal fees from previous subscribers.
The Commission has initiated enforcement actions against CBEX and its promoters due to their unauthorized activities and is collaborating with law enforcement agencies like the Economic and Financial Crimes Commission (EFCC) to investigate and take appropriate action under the Investments and Securities Act 2025.
The SEC stresses that investors risk losing their funds by dealing with unregistered platforms and advises the public to always verify the registration status of any investment platform through the Commission’s official portal.

Video courtesy of Interactive Brokers

Video courtesy of Interactive Brok