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| Image:GMNews |
Fuji musician Taye Currency has opened up about the devastating financial loss he incurred after investing in the recently collapsed digital trading platform, CBEX.
The platform, which collapsed on April 14, 2025, leaving many investors stranded, reportedly took away a staggering N1.3 trillion from its users.
Taye Currency revealed that he lost N10 million to the scheme, making him one of the first Nigerian celebrities to publicly admit involvement.
During a live performance over the weekend, Taye Currency expressed his frustrations and the toll the loss has taken on him. In a viral video, he narrated how his associates introduced him to the platform, which promised lucrative returns.
According to Taye Currency, his band manager, Lateef, and others had invested significant amounts into CBEX, including N1.2 million stolen from a stage performance by one of the investors, Alaba. Taye Currency himself invested N10 million, only for the platform to crash soon after.
The singer, visibly upset, rained curses on those who introduced him to the platform, expressing how the loss might lead to high blood pressure if he didn't speak out.
He also condemned the situation, stating, "It shall not be well with all of you that introduced it to me." His emotional outburst was shared widely on social media, resonating with many Nigerians who had also fallen victim to the CBEX collapse.
CBEX, a Singapore-based digital trading platform, had gained popularity in Nigeria due to its promises of high returns, but its sudden crash has left thousands of investors in financial turmoil.
Taye Currency’s story highlights the ongoing risks of digital investment platforms, especially those that are not well-regulated, and serves as a cautionary tale for others considering similar investments.
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