By Ghazali Ibrahim 
Renowned Ibadan-based Fuji musician, Alhaji Taye Adebisi, popularly known as Taye Currency, has revealed that he lost N10 million to the now-defunct cryptocurrency trading platform, CBEX.
The musician made the shocking disclosure in a viral video circulating on social media, where he expressed his frustration during a live performance at a social event.
The CBEX platform, widely believed to be a Ponzi scheme, reportedly crashed on Monday, April 14, 2025, leaving thousands of Nigerian investors devastated.
Many victims have since been hospitalised due to the emotional and financial trauma resulting from the loss of their investments.
Narrating his ordeal, Taye Currency said he had just recently invested his hard-earned savings in the scheme after being introduced to it.
“The money that I’ve been saving, I rushed to collect it. I took N10 million to CBEX on April 1st and it crashed,” he lamented.
Visibly angered, the Fuji star called out individuals who introduced him to the scheme, including persons he identified as Sodiq, Small London, Araba, Lati, and Brother Muda.
In the video, he placed curses on them, saying, “Those of you that took me there will not do well.”
He insisted that he was neither greedy nor a money doubler but was convinced by these individuals to invest in the platform.
However, his reaction has sparked mixed responses from Nigerians on social media, with many questioning his decision to curse those who introduced him to the scheme.
Commenting on the viral video, Facebook user Olorunoje Rosicky wrote, “Your own is far better. You’re rich na. How much is N10million to you?”
Another user, Egeonu Henry Emeka, said, “Baba you don’t need this. It’s not the fault of the people that introduced CBEX to you now. Let’s assume that you collect money, will you swear for them? Definitely, no! It’s a game of luck…even me invested my money and without collecting Kobo before it crash.”
Rasheedat Adekemi Fakolujo added, “How much is 10m to you? That means you’re a gambler. You ought to know it’s a 50/50 game of number. Let CBEX rest in peace ooo.”
CBEX is the latest in a string of fraudulent digital investment platforms to collapse in Nigeria, raising concerns about the growing rate of Ponzi schemes exploiting citizens’ desperation for quick returns amid economic hardship.
Though EFCC informed the investors they their money will be recovered though not anytime soon.
