Video: Taye Currency reveals how he lost N10m to CBEX
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Abdullateef Fowewe
Ibadan-based Fuji star, Taye Adebisi, well known as Taye Currency, has narrated how he lost N10 million to an alleged Ponzi scheme operated by Crypto Bridge Exchange (CBEX).
The singer shared in a widely circulated video on social media that he was brought into the CBEX scam by his trusted friends during a live performance.
He mentioned that Sodiq, Small London, Lateef, and another individual were the ones who introduced him to the scheme.
His emotional disclosure comes at a time when many Nigerians are angry about the collapse of CBEX and how it has scammed people with false promises of high returns on digital investments.
He said while revealing on stage, said, “You will hear how CBEX took away over N20 million from me and people close to me.
“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 hit 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, N10m and invested it on April 1, but everything vanished,” he regretted.
In the footage, a visibly upset Currency lashed out at those who introduced the scheme to him, saying, “If they die well, they won’t rest well”.
