Measure out your cereal into an extra large mixing bowl
On low heat, melt your chocolate chips and oil/butter together, stirring continuously until smooth. Don't walk away from your chocolate because it can burn very quickly!
Once the chocolate has melted, turn off the heat and stir your peanut butter until combined.
Pour mixture over Crispix and stir gently with a silicone spatula until the cereal is evenly coated.
Add your powdered sugar and shake with a secure lid (if possible). If you do not have a lid, carefully shake until cereal is evenly coated with the powdered sugar. Enjoy!