{"id":6435,"date":"2025-06-12T10:07:31","date_gmt":"2025-06-12T10:07:31","guid":{"rendered":"https:\/\/panoramanews.com.ng\/?p=6435"},"modified":"2025-06-12T10:07:31","modified_gmt":"2025-06-12T10:07:31","slug":"ponzi-beware-of-cbex-sec-warns-nigerian-investors","status":"publish","type":"post","link":"https:\/\/panoramanews.com.ng\/index.php\/2025\/06\/12\/ponzi-beware-of-cbex-sec-warns-nigerian-investors\/","title":{"rendered":"Ponzi: Beware of CBEX, SEC warns Nigerian investors"},"content":{"rendered":"

\"\"<\/p>\n

By Publisher<\/p>\n

Kindly share:<\/p>\n

The Securities and Exchange Commission (SEC) has reiterated its warning to the Nigerian public to desist from\u00a0 dealing with Crypto Bridge Exchange (CBEX), operating under the corporate identity of ST Technologies International Ltd.<\/div>\n
<\/div>\n
The Commission insisted that CBEX, also known as Smart Treasure\/Super Technology, remains banned in Nigeria.<\/div>\n
\nIn a public statement the commission issued on Wednesday, it said CBEX,\u00a0 was not registered by the commission to transact investment business in Nigeria.<\/p>\n

\u201cThe 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 Ltd, also known as Smart Treasure\/Super Technology, has resumed operations across Nigeria,” the statement\u00a0read.<\/p>\n

\u201cAccording to the reports, CBEX promoters are demanding $200 from their subscribers with balances above $1,000 and $100 from those with less than $1,000 balances before withdrawals can be processed.<\/p>\n

\u201cUnequivocally, neither CBEX nor ST Technologies International Ltd (or Smart Treasure\/Super Technology) is registered with the commission or authorised to offer investment related services to the Nigerian public.<\/p>\n

\u201cAs a matter of fact, enforcement action has already been initiated against CBEX and its promoters following its previous unauthorised investment activities.<\/p>\n

\u201cThe commission is collaborating with relevant Law Enforcement Agencies to properly investigate CBEX\/ST Technologies International Ltd. and will take appropriate actions in line with the provisions of the Investments and Securities Act 2025.<\/p>\n

\u201cThe 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.\u201d<\/p>\n

Furthermore, the commission urged Nigerians confirm the registration status of investment platforms through the commission\u2019s dedicated portal, www.sec.gov.ng\/cmos, before getting involved in any investment relationship with them, adding that it’s unwavering in its resolve to protecting investors and insuring the integrity of the market.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

By Publisher Kindly share: The Securities and Exchange Commission (SEC) has reiterated its warning to the Nigerian public to desist…<\/p>\n","protected":false},"author":1,"featured_media":6436,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,2],"tags":[1340,1444],"class_list":["post-6435","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-economy","category-news","tag-cbex","tag-nigerian-security-and-exchange-commission"],"yoast_head":"\nPonzi: Beware of CBEX, SEC warns Nigerian investors - Panorama News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/panoramanews.com.ng\/index.php\/2025\/06\/12\/ponzi-beware-of-cbex-sec-warns-nigerian-investors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ponzi: Beware of CBEX, SEC warns Nigerian investors - 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