CBEX Resurfaces: Alleged Scam Platform Quietly Resumes Operations Despite Government Ban

 In a shocking turn of events, CBEX— the platform previously accused of defrauding over 600,000 Nigerians of a staggering ₦1.2 trillion—has quietly resumed operations. This move comes despite ongoing investigations and a clear declaration by Nigerian authorities labeling the platform as illegal.

Without making a public announcement, CBEX reactivated its website and introduced new withdrawal options, a move seen by many as an attempt to regain trust and lure back unsuspecting victims.

The development has raised serious questions:

How can a platform under such heavy scrutiny operate so freely?

Where are the regulatory watchdogs?

And most importantly—will Nigerians fall for it again?

A Dangerous Trend

This isn’t the first time a “get-rich-quick” platform has resurfaced after a scandal, but the scale of CBEX’s alleged fraud makes its return particularly concerning. The reactivation is a slap in the face to victims and a major red flag that enforcement in Nigeria’s digital financial space remains weak.

A Word of Caution

If you were a victim, be careful. If you're just hearing about CBEX for the first time—stay away. Platforms under criminal investigation don’t suddenly become trustworthy because they rebrand or add withdrawal features.

Until there's justice and accountability, Nigerians must protect themselves—and each other.