Based on our automated analysis, cbex.cx has a risk score of 0/10 and is currently classified as "Unreachable". Our system checks WHOIS data, TLS certificates, page content, network links, and compares against known scam databases. See the full evidence report for details.

Is cbex.cx safe to use?

Our detection system has assigned cbex.cx a risk score of 0/10. We recommend reviewing all evidence before interacting with this site.

What is the risk score for cbex.cx?

cbex.cx has a risk score of 0 out of 10, where 10 is the highest risk. Scores of 7+ indicate high risk, 4-6 indicate suspicious activity, and 1-3 are under review.

Is CBEX Legit? CBEX Review & Scam Check 2026

CBEX is a confirmed Ponzi scheme that collapsed in April 2025 after defrauding hundreds of thousands of investors, primarily in Nigeria and Kenya. The platform promised 100% returns within 30 days, disabled withdrawals overnight, and its operators began laundering stolen funds through cross-chain bridges while victims were still depositing money. There is no ambiguity here: CBEX was a fraud from inception, and anyone still encountering CBEX login pages or promotional material should avoid them entirely.

Crypto scam bitcoin fraud warning — CBEX collapsed in April 2025, leaving hundreds of thousands of African investors unable to withdraw their funds.

What Is CBEX?

CBEX, which stood for "China Beijing Equity Exchange," presented itself as an AI-powered cryptocurrency trading platform that could generate guaranteed daily returns for investors. Despite its name suggesting ties to a legitimate Chinese financial institution, the platform had no connection whatsoever to the actual China Beijing Equity Exchange. CBEX operated primarily through a mobile app and website at cbex.cx, targeting investors in Nigeria, Kenya, and other African countries.

The platform claimed to have been operating since 2017, but evidence shows it only began actively recruiting Nigerian investors in late 2024. Users were encouraged to deposit cryptocurrency, primarily on the Tron blockchain, and recruit others in exchange for referral bonuses — a hallmark of Ponzi and pyramid scheme structures.

Red Flags We Found

No regulatory registration. CBEX was not registered with any financial regulator in any jurisdiction. It held no license from the U.S. Securities and Exchange Commission (SEC), the UK Financial Conduct Authority (FCA), or Nigeria's SEC.

Guaranteed 100% monthly returns. The platform promised investors they would double their money in 30 days. No legitimate investment vehicle can guarantee such returns. This is the defining characteristic of a Ponzi scheme.

Recently registered domain. The cbex.cx domain was registered shortly before the platform began aggressively recruiting investors, contradicting claims of years of operation.

Cross-chain money laundering while active. Blockchain intelligence firm Elliptic documented that CBEX operators were converting user deposits from Tron to Ethereum using cross-chain bridges as early as October 2024 — months before the collapse. This means the operators were laundering funds while still accepting new deposits.

Overnight disappearance. On April 17, 2025, CBEX disabled all withdrawals and its official Telegram channel vanished without notice. The platform went completely offline, and operators became unreachable.

⚠CBEX Is a Confirmed Scam

CBEX has been formally identified as a Ponzi scheme by Nigeria's Securities and Exchange Commission, blockchain analytics firm Elliptic, and multiple international media outlets. Do not deposit funds into any website or app claiming to be CBEX or a successor platform.

User Reports and Complaints

The human cost of the CBEX collapse has been devastating. Al Jazeera reported that many Nigerian investors put in their life savings, with some borrowing money or selling property to invest. Social media was flooded with testimonies from victims who could not access their funds after April 2025.

A recurring pattern in victim reports is that small withdrawals were processed initially — a classic Ponzi tactic designed to build trust and encourage larger deposits. Once a critical mass of deposits was reached, the operators shut everything down. Users who attempted to withdraw larger amounts before the collapse reported being asked for additional "verification fees," another common scam indicator.

Nigeria's Economic and Financial Crimes Commission (EFCC) launched an investigation, and TechCabal reported that between 250,000 and 300,000 Nigerians were affected. The exact financial losses remain disputed, with estimates ranging from $6.1 million in confirmed on-chain deposits to approximately $800 million in self-reported losses.

How This Scam Works

CBEX operated as a classic Ponzi scheme with elements of a pyramid structure through its referral program. Here is the playbook:

Promise unrealistic returns. The 100% monthly return guarantee attracted victims looking for high-yield investments.
Pay early investors with new deposits. Initial withdrawals were honored using funds from newer investors, creating the illusion of a working trading platform.
Incentivize recruitment. Referral bonuses turned victims into recruiters, rapidly expanding the scheme's reach through social networks and community trust.
Launder funds in real time. Rather than waiting for collapse, operators moved stolen crypto across blockchains to obscure the money trail.
Disappear. Once new deposits slowed relative to withdrawal requests, the platform shut down overnight.

This pattern is identical to dozens of other crypto Ponzi schemes documented on our crypto scam companies list. The use of AI and blockchain buzzwords was window dressing for a scheme as old as finance itself.

Similar Scams to Watch

Fraudulent crypto platforms targeting African and developing-world investors continue to emerge. If an exchange or investment platform promises guaranteed daily or monthly returns, requires you to recruit others, or has no verifiable regulatory registration, treat it as a scam. Check our Bitcoin scammer list for known fraudulent domains.

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What to Do If You Have Been Affected

If you deposited funds into CBEX, take these steps:

Document everything. Save screenshots of your account, transaction hashes, deposit confirmations, and any communications from the platform.
Report to authorities. In Nigeria, file a report with the EFCC. In Kenya, report to the Capital Markets Authority. In the US, report to the FBI's IC3 and the FTC.
Avoid recovery scams. Fraudsters often target Ponzi victims by posing as crypto recovery services that claim they can retrieve your funds for an upfront fee. These are secondary scams.
Notify your bank or exchange. If you funded your CBEX account through a bank transfer or legitimate exchange, report the fraud to that institution as soon as possible.
Consult our recovery guide. Our guide for scam victims walks through the full reporting and recovery process.