cbex

ChainCatcher news, according to Bitcoin.com, the troubled Nigerian crypto exchange Crypto Bridge Exchange (CBEX) has recently announced new withdrawal options in an effort to restore investor confidence.Sources revealed that the company made this announcement amid rumors of impending closure. According to the new regulations, investors holding funds not exceeding $1,000 on the platform must pay a fee of $100 to withdraw 50% of their initial funds, which is expected to be released on June 20, 2025. CBEX has been accused of misappropriating funds from over 600,000 Nigerian users, leading the Nigerian SEC to declare the platform illegal. Despite the introduction of new withdrawal options, some users remain skeptical about the company's true situation, believing that this activation fee could be a potential scam to extract more money from Nigerians.

ChainCatcher news, the Hong Kong Securities and Futures Commission (SFC) has issued a warning on its official website advising the public to be cautious of CBEX Group and Bitget Pro, which are suspected of engaging in virtual asset-related fraud. The Hong Kong Police Force has taken action to block the relevant websites at the request of the SFC.It is reported that although the relevant websites have been blocked, the public should be wary of scammers who may continue to establish similarly structured websites. The Hong Kong SFC has included CBEX Group and Bitget Pro, along with their respective related websites, on the SFC's alert list of suspicious virtual asset trading platforms as of April 23, 2024.