News

Alleged $1bn fraud: Court to decide on CBEX operators’ bail June 30

DailyTimesNGR DailyTimesNGR 12 June 2025 0

By Andrew Orolua The Federal High Court in Abuja has adjourned till June 30 for ruling on the bail applications filed by three detained promoters of Crypto Bridge Exchange (CBEX) following their arrests over an alleged $1 billion fraud. The defendants Adefowora Abiodun Olanipekun, Avwerosuo

Money

Ponzi Alert: CBEX remains banned in Nigeria, SEC reiterates warning to investors

DailyTimesNGR DailyTimesNGR 12 June 2025 0

BY TEMITOPE ADEBAYO The Securities and Exchange Commission (SEC) has restated that CBEX (Crypto Bridge Exchange), operating under the corporate name of ST Technologies International Ltd, also known as Smart Treasure or Super Technology, remains banned from operating in Nigeria due to its lack of registration and authorisation by the Commission. In a public notice […]

Top Stories

Suspected CBEX promoter surrenders to EFCC for investigation

DailyTimesNGR DailyTimesNGR 29 April 2025 0

By Our Reporter One of the suspected promoters of the controversial cryptocurrency trading platform, Crypto Bridge Exchange (CBEX), Adefowora Abiodun, has voluntarily surrendered to the Economic and Financial Crimes Commission (EFCC) to assist in ongoing investigations. Abiodun, who was previously declared wanted by the EFCC for his alleged involvement in a fraudulent

News

How CBEX Wiped Off Investors’ N1.3trn In 9 Months

DailyTimesNGR DailyTimesNGR 17 April 2025 0

BY TEMITAYO JAIYEOLA Nigerians are no strangers to Ponzi schemes, with CBEX joining a long list of successful scams. According to investors, the people behind the digital platform have carted away over N1.3 trillion from their wallets after crashing on Monday. The platform now joins the scams hall of fame in the country. This list […]