Despite June 25 payout promise, CBEX spins new Ponzi platform without refunding Nigerians

CryptoBridge eXchange (CBEX), the Ponzi scheme that tricked Nigerians out of millions of dollars, has once again broken its promise to repay its users. CBEX said it would begin processing withdrawals on June 25 and return 50% of users’ locked funds. That promise never materialised.

In April, CBEX abruptly froze withdrawals on its platform. Weeks later, the company claimed that its system…