PANews reported on May 6 that according to Bitcoin.com, the troubled Nigerian crypto exchange Crypto Bridge Exchange (CBEX) recently announced the launch of new withdrawal options in an effort to restore investor confidence. Sources revealed that the company announced the news after facing rumors of bankruptcy. Under the new regulations, investors who hold no more than $1,000 in funds on the platform must pay a fee of $100 to withdraw 50% of their initial funds, which is expected to be released on June 20, 2025. CBEX has been accused of misappropriating funds from more than 600,000 Nigerian users, leading the Nigerian SEC to declare the platform an illegal platform. Despite the launch of new withdrawal options, some users remain skeptical about the company's true situation and believe that the activation fee may be a potential scam to defraud more Nigerians of their money.