Fact-check findings
What an automated fact-checker found when it re-read CBEX (CryptoBridge Exchange) against the sources the page cites. Only the most recent review is shown.
These findings are produced by an automated reviewer, and its results vary between runs: the same page, checked three times on the same day, came back with 15%, 20% and 34% of its claims disputed, mostly because each run extracted a different number of claims. Treat what follows as leads, not rulings.
“Disputed” means the reviewer could not reconcile the claim with the evidence it cited. It does not mean the claim is false. “Unverifiable” means no reachable source settled it either way.
Nothing here changes the page on its own. A proposed correction is applied only after a human moderator approves it; until then the page reads as it did when reviewed.
unverifiable
1 claimNo source the reviewer could reach confirms or contradicts the claim.
- #2[unverifiable][awaiting moderator]in section: Scale of Alleged Losses and Victim Count
“The EFCC has stated the scheme affected more than 600,000 Nigerian investors.”
reviewerEFCC stated the scheme affected more than 600,000 Nigerian investorsNeither the Al Jazeera nor France24 source gives this figure; I did not check the remaining cited sources for it.
partially supported
3 claimsThe cited evidence supports part of the claim but not all of it.
- #3[partially supported][awaiting moderator]in section: Prior Regulatory Warning — Hong Kong SFC (April 2024)
“was not licensed to conduct digital trading in Hong Kong, Japan, or Canada”
reviewerSFC warned CBEX was unlicensed in Hong Kong, Japan or CanadaDate confirmed. The alert names Japan and Canada (the claimed locations), not Hong Kong. - #7[partially supported][awaiting moderator]in section: Law Enforcement Actions and Court Proceedings
“The EFCC subsequently declared eight individuals wanted, publishing photographs of four Nigerian and four Kenyan suspects.”
reviewerEFCC declared eight individuals wanted, four Nigerian and four KenyanBroad claim is plausible but the page omits that the wanted list was revised after a person was wrongly named. - #8[partially supported][awaiting moderator]in the summary
“prosecutions were ongoing as of mid-2025.”
reviewerProsecutions ongoing as of mid-2025True as stated, but dated: the trial was adjourned to 13 Oct 2025 and I found no later reporting. The page is more than a year behind.
confirmed
4 claimsThe cited evidence supports the claim as written.
- #1[confirmed][no action needed]in the summary
“The Nigeria Financial Intelligence Unit (NFIU) estimated investor losses at approximately 1.3 trillion naira (roughly $840 million)”
reviewerNFIU estimated losses of about 1.3 trillion naira (~$840 million)Directly supported by Al Jazeera. - #4[confirmed][no action needed]in section: On-Chain Laundering Activity
“The earliest identified cross-chain swap activity traced back to October 2024, suggesting laundering commenced well before the April 2025 collapse.”
reviewerElliptic found earliest cross-chain swap in October 2024 via TRON-Ethereum-TRON chain-hoppingSupported. - #5[confirmed][no action needed]in section: Deceptive Identity and Regulatory Misrepresentation
“The EFCC has clarified that the certificate was issued solely for 'consultancy services'”
reviewerEFCC AML certificate was for consultancy services only, misrepresented to investorsSupported, consistent with the 2025-01 timeline entry (day-level precision 01 is approximate). - #6[confirmed][no action needed]in section: Law Enforcement Actions and Court Proceedings
“Two Nigerian promoters — Avwerosuo Otorudo and Chukwuebuka Ehirim — were arraigned before Justice Mohammed Umar in the Federal High Court, Abuja on 7 July 2025 in case FHC/ABJ/CR/216/2025.”
reviewerArraignment of Otorudo and Ehirim on 7 July 2025 before Justice Umar, case FHC/ABJ/CR/216/2025, not guilty pleasSupported. Note the Nairametrics URL could not be archived.