The Securities and Exchange Commission (SEC) warned investors that Crypto Bridge Exchange (CBEX), operating under the corporate identity of ST Technologies International Ltd, also known as Smart Treasure/Super Technology, remained banned in Nigeria, insisting that it is not registered by the commission.
SEC’s position followed reports that traders on the controversial CBEX platform were now back and able to access their accounts and trade, with renewed assurance after the digital platform abruptly shut down in April.
The shutdown had resulted in the trapping of investors’ funds in excess of N1 trillion.