Fuji Star Taye Currency Lost N10 Million in CBEX Investment Scandal

Fuji Star Taye Currency Lost N10 Million in CBEX Investment Scandal
Fuji Star Taye Currency Lost N10 Million in CBEX Investment Scandal

 

A popular Ibadan-based Fuji musician, Taye Currency, has revealed he lost N10 million in the recent CBEX cryptocurrency trading platform collapse.

CBEX, a Singapore-based digital trading company, crashed on Monday, April 14, 2025, reportedly leaving investors unable to access approximately N1.3 trillion in combined funds. Users were suddenly logged out of their accounts and could not recover their investments.

During a weekend live performance, Currency publicly expressed his frustration over the financial loss. In a video that has since gone viral on social media, the singer directed his anger toward associates who introduced him to the platform.

Speaking in Yoruba, Currency said: "I might develop high blood pressure if I don't speak out. I can no longer keep it to myself. On April 1, Sodiq came to my house to inform me that my band manager, Lateef, just collected some money from CBEX."

The singer explained that several people in his circle had invested in CBEX, including Sodiq (N850,000), his band manager Lateef (N1.4 million), someone identified as Brother Muca (N500,000), and another individual named Alaba who reportedly invested N1.2 million.

"They were the ones in charge of my money. On that very day I invested N10 million in CBEX and it crashed. It shall not be well with all of you that introduced it to me," Currency stated.

Currency appears to be the first Nigerian celebrity to publicly acknowledge losing money in the CBEX collapse.

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