I Lost N10m To CBEX —  Fuji Star, Taye Currency

Ibadan-based Fuji Star, Taye Adebisi, better known as Taye Currency, has narrated how he lost N10 million to a Ponzi scheme known as Crypto Bridge Exchange (CBEX), accusing some close associates of luring him into the fraudulent venture.

In a viral video, Taye Currency claimed he was introduced to CBEX by four of his close associates, Sodiq, Small London, Lateef, and one other.

Narrating on stage during a music performance, Currency 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.”

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The singer disclosed that the success of his band members in the scheme was what interested him, recounting how Lateef told him how his N200,000 investment yielded 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 introduced the scheme to him, saying, “If they die well, they won’t rest well.”