The Nigeria Securities and Exchange Commission issued an illegal-operator alert on CBEX (Crypto Bridge Exchange), operating under ST Technologies International Ltd and also known as Smart Treasure/Super Technology, following media reports that it has resumed operations in Nigeria and is requesting payments from subscribers before processing withdrawals. The Commission reiterated that neither CBEX nor ST Technologies International Ltd is registered with the Commission or authorised to offer investment-related services to the Nigerian public and advised investors to refrain from patronising or transacting with the platform. Media reports cited by the Commission indicate that CBEX promoters are demanding USD 200 from subscribers with balances above USD 1,000 and USD 100 from those with balances below USD 1,000 as a condition for withdrawals. Enforcement action has already been initiated in relation to prior unauthorised investment activities, and the Commission is working with relevant law enforcement agencies to investigate and take appropriate action under the Investments and Securities Act 2025; it also urged the public to verify the registration status of investment platforms via the Commission’s registration portal before transacting.

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