2023-01-19
FTX was handling about $500 million in trading volume a month in Africa, before it went bust. Overwhelmingly, that was Nigerians, who were trying to invest or transfer small sums they'd managed to save, someplace safe from the naira. https://www.wsj.com/...
Wall Street Journal
FTX posed as a haven from tumbling currencies and inflation in Africa, where the company recruited users via glitzy events, $5 sign-up bonuses, and giveaways
Alexandra Wexler / Wall Street Journal : Tweets: @gksteinhauser , @sarahnemerson , @peterguest , @counternotions , and @drewhinshaw Tweets: Gabriele Steinhauser / @gksteinhauser :...
FTX was handling about $500 million in trading volume a month in Africa, before it went bust. Overwhelmingly, that was Nigerians, who were trying to invest or transfer small sums they'd managed to save, someplace safe from the naira. https://www.wsj.com/...
New York Times
Crypto investors say Sam Bankman-Fried frequently promoted and manipulated “Samcoins”, including Solana, Serum, FTT, and Maps, to benefit FTX and Alameda
or did it? Developers complained for years that @SBF_FTX preyed on their projects for his own gain. And investors say they saw red flags in his funraising techniques https://www.ny...