Taye Currency Break Down After Losing N10M to CBEX Scam

Fuji music star Alhaji Taye Adebisi, popularly known as Taye Currency, has emotionally revealed how he lost N10 million to an alleged Ponzi scheme operated by Crypto Bridge Exchange (CBEX).

In a performance video that has gone viral, the singer shared his ordeal during a stage performance, opening up about how close friends introduced him to the fraudulent investment.

The fuji icon recalled:

“On April 1, Sodiq came to my house and said Lateef, the brand manager, had collected some money and also introduced Alaba and Small London had also collected their money, and Brother Muca.
Alaba used N1.2 million he stole from the stage to invest in CBEX. Brother Muca also put in his work fee of N500,000. Sodiq used the money he was saving in the band, N850,000. Lateef invested N1.4 million.”

Encouraged by their initial “success,” Currency decided to commit his own savings:
“Lateef said he used N200k to collect N600k, and I got motivated. I withdrew the money I had saved with insurance, see my life in the open. I invested N10m in CBEX on April 1, but everything vanished,” he lamented.

Visibly shaken, Currency condemned those who led him into the scheme, declaring:
“If they die well, they won’t rest well, because I was on my own before you took me to CBEX.”

His revelation comes amid national outrage over the collapse of CBEX, which has reportedly defrauded Nigerians of over N1.3 trillion. After repeated withdrawal failures and sudden account wipes, the platform became inaccessible, leaving countless investors devastated.

Social media is ablaze with frustration and grief, as more victims like Taye Currency come forward, urging authorities to take action and prevent further financial heartbreak.

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