Investors on the Crypto Bridge Exchange (CBEX) platform are expressing relief and excitement as trading activity resumes following a concerning period during which all account balances were wiped clean. After weeks of being locked out and uncertain about the safety of their funds, users are now regaining access to their accounts, allowing them to resume trading on the platform with renewed confidence.
CBEX’s expansion was further fueled by a multi-level referral program, encouraging existing users to bring in more investors, thereby accelerating its growth. However, the platform’s credibility began to unravel in April 2025 when Tribune Online reported that hundreds of user accounts were suddenly drained of all funds without prior notice.
As a result, users were unable to make withdrawals or even access their accounts, sparking widespread concern and panic. Many distressed investors physically visited CBEX’s alleged branch offices to demand answers, leading to public protests. The growing unrest forced authorities to step in.
The Economic and Financial Crimes Commission (EFCC) launched an investigation into the platform’s sudden collapse. The agency declared certain individuals connected to the case as wanted and proceeded to make arrests. These developments reassured some investors that efforts were underway to hold the responsible parties accountable and potentially recover stolen funds.
In a recent update, the EFCC chairman confirmed that the agency had successfully retrieved a portion of the missing funds. This recovery, along with the restoration of trading access on the CBEX platform, has helped to restore some faith among users who had previously feared their investments were lost for good.
The platform’s abrupt rise and fall underscore the risks associated with high-yield investment opportunities, especially in the unregulated world of cryptocurrency. Although CBEX appears to be recovering some of its operational capacity, industry observers remain cautious, advising potential investors to perform thorough due diligence before committing their funds to similar ventures.
Despite the ongoing investigations and the earlier chaos, the return of trade volumes has been greeted with optimism by many CBEX users. The development has offered a glimmer of hope for those who feared the worst, and many are now watching closely to see whether the platform can stabilize and deliver on its initial promises.