Nigerian government issues fresh warning against CBEX Crypto exchange
The Nigerian Securities and Exchange Commission has issued a renewed warning against Crypto Bridge Exchange.
The exchange, also known as ST Technologies International Ltd, Smart Treasure, or Super Technology, has reportedly resumed operations across the country despite lacking regulatory approval.
According to the Nigerian SEC, CBEX has been soliciting payments from users seeking to withdraw funds from the platform.
Specifically, the exchange is demanding $200 from users with balances exceeding $1,000 and $100 from those with lower amounts before withdrawals can be processed.
The Commission stated that such activities are unauthorized and violate Nigeria’s Investments and Securities Act 2025.
In its…
