SEC Warns Investors Against Dealing with CBEX, Super Technology

By Oluwakemi Kindness

The Securities and Exchange Commission has raised the alarm, cautioning Nigerians against transacting with Crypto Bridge Exchange (CBEX) and St.Technologies International Limited, also known as Smart Treasure/Super Technology.

The causation on Wednesday followed 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 Commission in a statement by it management says CBEX promoters are demanding $200 from their subscribers with balances above $1,000, and $100 from those with less than $1000 balances before withdrawals can be processed.

The Commission hereby restate unequivocally that neither CBEX nor ST Technologies International Ltd (or Smart Treasure/Super Technology) is registered with the Commission or authorized to offer investment related services to the Nigerian public.

It adds that as a matter of fact, enforcement action has already been initiated against CBEX and its promoters following its previous unauthorized investment activities and the 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.

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 public is advised to VERIFY the registration status of Investment platforms via the Commission’s dedicated portal: www.sec.gov.ng/cmos before transacting.

The Commission remains committed to protecting investors and maintaining market integrity.