Nigeria’s Securities and Exchange Commission requested the Investments and Securities Tribunal to freeze accounts and seize assets of Crypto Bridge Exchange (CBEX) and 25 others. This action follows allegations of operating an unlawful digital asset investment scheme.
The scheme reportedly defrauded Nigerians of N1.3 trillion through unregistered operations and unrealistic investment promises. The Tribunal adjourned the case to January 27, 2026, after defendants failed to appear.