SEC to take appropriate enforcement action against CBEX promoters, others, issues clarification  

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The Securities and Exchange Commission (SEC), on Thursday, has disclosed it will collaborate with law enforcement agencies to take appropriate enforcement action against fraudulent cryptocurrency investment scheme known as “CBEX”, its affiliates and promoters.


The Commission clarified it did not grant registration to Crypto Bridge Exchange)CBEX or its affiliates to operate in Nigeria.


SEC made the clarification in a statement on Thursday, in response to recent media reports/publications on the activities of CBEX (Crypto Bridge Exchange), CBEX, which reportedly also operates under the corporate identity of ST Technologies International Ltd, Smart Treasure/ Super Technology.

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