CBEX Is Back? All You Need to Know Before Buying In Again

CryptoBridge Exchange, also known as CBEX, presented itself as an innovative digital asset trading platform serving professional and retail traders worldwide. Headquartered in Singapore, it claimed to offer blockchain asset financial services to its users. However, a closer examination revealed concerning patterns that potential investors should have carefully considered.

CBEX marketed itself as the go-to platform for crypto enthusiasts who wanted to buy, sell, and safely store their digital assets—such as Bitcoin, Ethereum, and other popular cryptocurrencies.

They promised everything from decentralized finance capabilities and NFT trading to military-grade cold storage for keeping funds secure. They also claimed to have sophisticated encryption and AI-powered trading systems that could automatically manage risks for users.

CBEX Requiring More Funds From Users

Even after facing investigations, regulatory red flags, and a crash due to a major fraud scandal, CBEX (Crypto Bridge Exchange) is apparently trying to make a comeback.

According to various reports, the CBEX app is operational again, and this time they are requiring old users to pay a $200 verification fee to process withdrawals. It is astonishing that a platform labeled as fraudulent can resurface and continue to devise schemes to take away users’ funds.

#CBEX is back and asking for more money.|

After wiping out Nigerians’ savings in a Ponzi collapse, they now demand a $200 "verification fee" before restoring funds.

Another Scam loading#CBEXscam #Cryptoscam #Nigeria

Here's all you need to know 👇🏽https://t.co/fsdu0bGUda

— Web3Parrot (@Web3_ParrotLabs) June 11, 2025

How CBEX Operated Before the Crash

The platform required users to sign up with a minimum deposit of $100 and provide their National Identification Number to create an account. This immediate financial commitment combined with sensitive personal information collection should prompt caution from prospective users.

The CBEX trading method required users to copy specific codes from their Telegram channel. These codes were available for only about five minutes at certain hours of the day; missing this window would result in unsuccessful trades.

This rigid and unusual approach differs significantly from legitimate cryptocurrency exchanges, which typically allow trading at any time without requiring codes or strictly enforced schedules.

One of CBEX’s main attractions was its promise that traders could double their invested money, provided they consistently participated in the scheduled trading activities without missing any sessions. Such guaranteed returns are virtually impossible in real-life financial markets, where profits are never assured and losses are always a possibility.

Trading Technology, User Interface and Referral Program

The platform claimed to utilize advanced technology, including AI-driven market analysis and a high-speed matching engine, which supposedly ensured efficient and accurate trade execution.

While these technological claims sound impressive, they lack verifiable evidence and appear designed to create an illusion of sophistication.

CBEX featured what it described as a simplified and intuitive user interface, purportedly making cryptocurrency trading accessible even for beginners.

The platform also provided real-time market data and depth charts, ostensibly to help users make informed trading decisions. However, these features may serve more as window dressing than as actual functional trading tools.

Users earned bonuses by referring new people to join the platform, with incentives increasing based on the number of referrals. This aggressive focus on bringing in new investors rather than demonstrating actual trading success raised significant concerns about the company’s business model.

Read Also: CBEX Ponzi Scheme Returns, Demands $200 Verification Fee: Here’s How Users Are Reacting

Red Flags Associated with CBEX

According to the Nigerian authorities, CBEX is officially labeled a fraudulent operation. The country’s Securities and Exchange Commission (SEC) has confirmed that CBEX – which also goes by ST Technologies International Ltd and Smart Treasure/Super Technology – never had proper registration or licensing to run a cryptocurrency trading platform in Nigeria. Here are some reasons why CBEX is a scam:

Questionable Regulatory Status

Despite claims of regulatory compliance, CBEX lacked verifiable certifications. The certificate displayed on their website appeared suspiciously blurry and unprofessional upon closer inspection.

Legitimate financial institutions proudly displayed clear, verifiable regulatory information and maintained transparent relationships with financial authorities. The supposed date of registration was July 2024, but the website’s copyright dated back to 2018.

The certificates on the website appeared to be fake and blurry. They lacked a signature and did not look authentic.

Domain Changes and Unrealistic Profit Guarantees

CBEX has changed its domain name from cbexokl.com to cbex.cx after facing public scrutiny, a tactic commonly employed by fraudulent platforms attempting to evade detection and continue operations.

This pattern of rebranding after negative exposure strongly suggests an attempt to outrun a damaged reputation rather than address legitimate concerns.

The platform makes bold claims about its trading signals and AI-driven trading bot guaranteeing profits, which contradicts the fundamental nature of cryptocurrency markets known for their volatility and unpredictability.

No legitimate financial service can or would guarantee investment returns, as market movements are inherently unpredictable

.

The Difficult Withdrawal Policies and App Distribution Issues

CBEX imposed a 20% withdrawal fee if users attempted to access their funds before completing a 34-40 day trading cycle. This unusual restriction raised serious concerns about the platform’s liquidity and suggested a deliberate strategy to prevent users from withdrawing their funds.

The lengthy mandatory trading period, combined with severe penalties for early withdrawal, created significant barriers for investors trying to access their own money.

The CBEX application was absent from official channels like the Google Play Store and Apple App Store. Instead, users had to download it directly from the CBEX website. This bypassed the security vetting process of established app marketplaces, avoiding the scrutiny and security requirements of official app stores and potentially exposing users to security risks.

The platform offered substantial bonuses for bringing in new users and focused heavily on growing its user base through referrals. This structure suggested that CBEX was more interested in acquiring new deposits than generating legitimate trading profits.

The Reality Behind the Facade

The combination of guaranteed returns, strict withdrawal limitations, mysterious trading signals, and aggressive referral incentives formed a pattern consistent with investment scams. Legitimate cryptocurrency exchanges did not guarantee profits and did not request withdrawal fees.

CBEX’s model appeared designed to continually attract new investments, making it difficult for existing users to withdraw their funds. The emphasis on bringing in new users through referrals, rather than demonstrating sustainable trading performance, suggested that earlier investors may have been paid only with the deposits of newer participants.

Crypto investors should exercise extreme caution when encountering platforms like CBEX. If it sounds too good to be true then it is most likely not true.

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The information provided on Web3parrot.com is for general informational purposes only and are opinions of the expert writers. They are not intended as financial, investment, or trading advice. Please do your own research and consult with a licensed financial advisor before making any financial decisions.