$1B Crypto Fraud Scandal: Court to Decide CBEX Operators’ Bail June 30
The legal spotlight remains firmly on CBEX Global, the embattled cryptocurrency exchange at the center of a $1 billion fraud investigation.
Following the arrest and detention of several CBEX operators, a federal high court is set to rule on their bail application on June 30, 2025. The accused are facing serious allegations tied to large-scale financial fraud, illicit crypto transactions, and investor deception.
The case has drawn national and international attention, with financial watchdogs closely monitoring the outcome. As the digital finance world reels, stakeholders await the court’s ruling—which could significantly influence future crypto regulation in Nigeria.
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