*The Securities and Exchange Commission again, warns Nigerian investors to refrain from investing in the Crypto Bridge Exchange (CBEX), operating under the corporate identity of ST Technologies International Limited, also known as Smart Treasure/Super Technology, or transacting any investment-related business with the company

Isola Moses | 绿帽献妻

The Securities and Exchange Commission (SEC) again, has warned Nigerian investors against Crypto Bridge Exchange (CBEX), operating under the corporate identity of ST Technologies International Limited, also known as Smart Treasure/Super Technology.

The market regulatory Commission, in a public notice issued Wednesday, June 11, 2025, said CBEX had been banned in the country, insisting that the company was not registered by SEC.

The SEC’s clarification followed latest reports that traders on the controversial CBEX platform are now back, and able to access their accounts and trade with a certain fee, and renewed assurance after the digital platform abruptly crashed and closed shop April 2025.

绿帽献妻 had reported the CBEX shutdown at the time resulted in the trapping of several investors鈥� funds in excess of N1 trillion.

The Commission, in the notice, rather cautioned the investing public to refrain from patronising or transacting any investment-related business with CBEX.

It noted: 鈥淭he attention of the Securities and Exchange Commission has been drawn to media reports indicating that CBEX (Crypto Bridge Exchange), operating under the corporate identity of ST Technologies International Limited, also known as Smart Treasure/Super Technology, has resumed operations across Nigeria.

鈥淎ccording to the reports, CBEX promoters are demanding $200 from their subscribers with balances above $1,000, and $100 from those with less than $1000 balances before withdrawals can be processed.鈥�

The commission also said 鈥渦nequivocally that neither CBEX nor ST Technologies International Limited (or Smart Treasure/Super Technology) is registered with the Commission or authorised to offer investment related services to the Nigerian public.

鈥淎s a matter of fact, enforcement action has already been initiated against CBEX and its promoters following its previous unauthorised investment activities and the commission is collaborating with relevant law enforcement agencies to properly investigate CBEX/ST Technologies International Limited and will take appropriate actions in line with the provisions of the Investments and Securities Act 2025.”

The market regulator stated: 鈥淭he Nigerian public is accordingly advised to REFRAIN from patronising or transacting with CBEX/ST Technologies International Ltd (Smart Treasure or Super Technology) as they risk losing their funds.鈥�

SEC, therefore, warned Nigerians to verify the registration status of any investment platforms via its dedicated portal before transacting.

The notice added that SEC remains committed to protecting investors and maintaining market integrity in the country.