CBEX Ponzi Scheme Resurfaces, Demands $200 from Nigerians to ‘Recover’ Lost Funds

A Second Wave of Fraud?

🚨 Crypto Bridge Exchange (CBEX), a Ponzi scheme that collapsed in April 2025, has resurfaced, now demanding $200 from victims to supposedly restore their lost investments.

🚨 Victims report that their account balances have reappeared, but withdrawals are blocked unless they pay a new activation fee.

🚨 The Economic and Financial Crimes Commission (EFCC) has warned that full recovery of lost funds is unlikely, despite ongoing investigations.

How CBEX Operated

📢 CBEX initially promised investors up to 100% returns in 40 days, attracting thousands of Nigerians before abruptly shutting down.

📢 The platform blamed hackers for its collapse, but authorities later traced stolen funds to multiple foreign accounts.

📢 Angry victims looted CBEX’s office in Ibadan, demanding justice after losing millions.

What’s Next?

⚖️ Will authorities take action against CBEX’s latest scheme?

⚖️ How can Nigerians protect themselves from future Ponzi scams?

⚖️ Will victims fall for CBEX’s new demands, or resist further exploitation?

💬 What’s your take on this development? Drop your thoughts below!