In Africa, FTX Posed as Haven From Tumbling Currencies, Inflation

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In the final days before its implosion, cryptocurrency exchange FTX was aggressively recruiting new customers in Africa, whose funds are now stuck in bankruptcy proceedings

Cryptocurrency exchange’s ambassadors recruited new customers through glitzy events, $5 sign-up bonuses and giveaways

The collapse of FTX has set off the largest crypto-related bankruptcy ever, and court filings are already shedding light on what went wrong and how complicated things could get. Here are three things to know about the company’s bankruptcy process. Photo: Lam Yik/Bloomberg News, dozens of young Nigerians in skintight dresses and brightly colored suits shimmied under limbo bars, posed for photos in front of the company’s logo and sipped expensive liquor at a swanky beachfront venue.

The party in Lagos, Nigeria, was part of the Bahamas-based exchange’s push into Africa, where, in the final days before its implosion, FTX was aggressively recruiting new customers whose funds are now stuck in bankruptcy proceedings. U.S. prosecutors

 

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“As a fellow Nigerian Prince…”

FTX Woke ESG was a easy sell to Liberals and those who wanted to be Politically Correct. Easy Money, here is my money, I want to be Special also. See how Special I am $

They're racist

Please tell me it was a Nigerian Prince🙏

Things are tough all over.

Sounds like a Ponzi scheme to me

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