{"id":64449,"date":"2025-04-18T14:22:45","date_gmt":"2025-04-18T14:22:45","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=64449"},"modified":"2025-04-18T14:22:45","modified_gmt":"2025-04-18T14:22:45","slug":"taye-currency-loses-%e2%82%a610-million-to-cbex-investment-scheme","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2025\/04\/18\/taye-currency-loses-%e2%82%a610-million-to-cbex-investment-scheme\/","title":{"rendered":"Taye Currency Loses \u20a610 Million to CBEX Investment Scheme"},"content":{"rendered":"<p><strong>By Adenike Lawal<\/strong><\/p>\n<p>Veteran Fuji music star Alhaji Taye Adebisi, widely known as Taye Currency, has opened up about losing a staggering \u20a610 million to Crypto Bridge Exchange, CBEX, a collapsed investment platform now under fire for alleged fraud.<\/p>\n<p>Speaking emotionally during a live stage performance, the Fuji icon revealed that he was lured into the scheme by trusted associates who claimed to have made fast profits.<\/p>\n<p>&#8220;On April first, Sodiq came to my house and mentioned that Lateef had invested and gained.<\/p>\n<p>He also mentioned Alaba, Small London and Brother Muca. Even Brother Muca joined,&#8221; he told a stunned audience.<\/p>\n<p>According to him, these friends flaunted impressive returns. One invested \u20a61.2 million, another used \u20a6850,000, while Lateef reportedly turned \u20a6200,000 into \u20a6600,000.<\/p>\n<p>Encouraged by their stories, Taye Currency withdrew \u20a610 million from his insurance savings and invested.<\/p>\n<p>&#8220;Everything vanished. Just like that,&#8221; he said bitterly.<\/p>\n<p>Visibly upset, he cursed those who introduced him to CBEX. &#8220;If they die well, they will not rest well. I was minding my business before they dragged me into CBEX.&#8221;<\/p>\n<p>CBEX is now at the centre of a major scandal after thousands of investors were locked out of their accounts, with balances wiped out. Reports suggest over \u20a61.3 trillion has vanished in the crash.<\/p>\n<p>The Securities and Exchange Commission has since disowned CBEX, warning that it is not licensed to operate in Nigeria and urging the public to avoid risky schemes promising unrealistic returns.<\/p>\n<p>Taye Currency\u2019s loss adds a human face to the growing tragedy, highlighting the dangers of unverified digital investments in a time of economic hardship.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Adenike Lawal Veteran Fuji music star Alhaji Taye Adebisi, widely known as Taye Currency, has opened up about losing a staggering \u20a610 million to Crypto Bridge Exchange, CBEX, a collapsed investment platform now under fire for alleged fraud. Speaking emotionally during a live stage performance, the Fuji icon revealed that he was lured into [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":64450,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[59],"class_list":["post-64449","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-featured"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/64449","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=64449"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/64449\/revisions"}],"predecessor-version":[{"id":64451,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/64449\/revisions\/64451"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/64450"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=64449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=64449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=64449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}