How I lost N10 nillion to CBEX – Popular Musician makes revelation
How I lost N10 nillion to CBEX – Popular Musician makes revelation
Ibadan-based Fuji musician, Taye Adebisi, widely known as Taye Currency, has disclosed how he lost N10 million to an alleged Ponzi scheme operated by Crypto Bridge Exchange (CBEX).
In a viral video circulating on social media, the singer recounted the ordeal during a live stage performance, revealing that he was introduced to the scheme by individuals he described as close associates.
“Four people close to me—Sodiq, Small London, Lateef, and one other—convinced me to invest in CBEX,” he said.
“In total, CBEX wiped away over N20 million from me and people around me.”
Currency’s emotional account comes amid growing outrage over the collapse of CBEX, which has reportedly defrauded numerous Nigerians who were lured by promises of high returns through digital investment offerings.
“On April 1, Sodiq came to my house and said Lateef, the brand manager, had collected some money and also introduced Alaba and one other brother to it. Alaba even used N1.2 million he stole from the stage to invest. Brother Muca also put in his work fee—N500,000. Lateef invested N1.4 million.”
The singer revealed that it was the success of his band members in the scheme that caught his attention. He recalled how Lateef shared with him that his N200,000 investment had grown to N600,000.
“Lateef said he used N200k to collect N600k. That was what pushed me. I withdrew the money I had saved with insurance and invested it on April 1, but everything vanished,” he lamented.
Visibly aggrieved in the footage, Currency rained curses on those who introducedthe scheme to him, saying, “If they die well, they won’t rest well.”
