Nigeria, May 27 -- The Economic and Financial Crimes Commission (EFCC) recovered some of the money linked to the collapsed Crypto Bridge Exchange (CBEX) online Ponzi scheme virtual investment that collapsed earlier this year.

EFCC Chairman Ola Olukoyede explained that some of the money stolen has been returned, though he won't say the amount since the case is sensitive and ongoing.

CBEX, which attracted thousands of Nigerian investors with the promise of unusually high returns from the sale of cryptocurrencies, abruptly shut down in April 2025. The site had offered investors a 30 to 100 percent return in 30 days, attracting victims with its glamorous party advertising and blatant display of patronage. The scam also fell apart after the ...