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Home Business & Finance Business

ST Team urges calm amid CBEX withdrawal restrictions

Quadri Olaitan by Quadri Olaitan
April 11, 2025
in Business
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CBEX withdrawal restrictions ST Team
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ST Team, a signal provider for CBEX, urges investors to stay calm following temporary withdrawal mode restrictions, citing strategic growth plans

 

[dropcap]S[/dropcap]T Team, a key signal provider for investors on the China Beijing Equity Exchange (CBEX) trading platform, has appealed to its users to remain calm following recent restrictions implemented on the platform’s withdrawal system.

Also read: Dollar speculation: FG to ban naira from crypto trading platforms

CBEX is an equity transaction bourse and platform operated by the Beijing municipal government.

In a message addressed to investors, Mr. Trust Oturudo, the team lead of the ST trading platform, acknowledged the surprise caused by recent events within the ST Team.

Mr. Trust Otorudo, the Regional Head of CBEX ST Team in Lagos, Nigeria, outlined the rationale behind the Season 7 rewards.

He stated, “One of the major goals of the team this year is to ensure that every none VIP member earns at least 10,000 USDT per month while every VIP member earns 100,000 USDT.”

He further announced, “Two, by May 21st 2025, the ST Team will be launching into the Asian market, in order to bridge the financial gap between already existing users of African origin and the incoming Asian team.”

Mr. Otorudo emphasised that these initiatives are deliberate plans aimed at improving the financial standing of their users.

Addressing the temporary modifications to the withdrawal process, which are in effect until April 15th, Mr. Otorudo explained the team’s “Win-Win-Win” philosophy, where benefits are intended for investors, CBEX, and ST Team.

He stated, “But most people are focused only on their own benefit, many users immediately after they saw the bonus they greedily started placing withdrawals, such withdrawals are untoward as they will thwart the Win-Win-Win philosophy of the team.”

He added, “Others immediately began placing unnecessarily personal trades just to increase their trading volume just to cheat the system in a bid to earn more.”

However, Mr. Otorudo assured investors that the situation would be resolved shortly. “But i can assure you that by Tuesday morning 00.00 hours UK time there will be seamless withdrawals.”

He urged investors not to panic, stating, “Do not panic as everything is in place to make you benefit in line with the Win-Win-Win aim. Please remain calm.”

Also read: Transcorp Power lists on Nigerian exchange, gains 10% first day of trading

Concluding his message, Mr. Otorudo, as the team leader and Head of ST Team Staff in Africa, reassured investors, “As your team leader and the Head of ST Team Staff, Africa, I say to you: Do not be afraid.”

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Quadri Olaitan

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