First Independent Mena Newspaper
At the heart of the Africa’s crypto boom was FTX, an international exchange run by US crypto guru Sam Bankman-Fried, whose collapse in November has sent shockwaves across the continent, along with calls for more regulation. An unknown number of African customers held funds on the Bahamas-based platform, as did numerous African startups. On Tuesday […]
The recent collapse of FTX exchange platform has sent shockwaves around the world, taking with it billions of investors’ money, including in Africa where crypto investors are now taking stock of their own losses. While some users in the United States and the Bahamas were able to withdraw their funds before the full crisis hit, […]