The Securities and Exchange Commission (SEC) has reiterated that Crypto Bridge Exchange (CBEX), operating under ST Technologies International Ltd., remains banned in Nigeria.
In a public notice, the commission warned Nigerians to refrain from patronising or transacting with CBEX, citing unauthorized investment activities.
“We unequivocally state that 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,” the SEC stated.
The commission emphasized that enforcement action has already been initiated against CBEX and its promoters.
● Warning to Investors
The SEC advised the public to verify the registration status of investment platforms through its dedicated portal, (link unavailable), before transacting.
“The 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,” the commission warned.
● Protecting Investors
The SEC remains committed to protecting investors and maintaining market integrity.
The commission is collaborating with relevant law enforcement agencies to investigate CBEX and take appropriate actions in line with the provisions of the Investments and Securities Act 2025.
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