As we previously reported in the immediate aftermath of FTX's multi-jurisdictional bankruptcy filings here, its corporate fallout affected not only Bahamian and U.S. entities, but allegedly also many crypto-related companies on the African continent. Further detailed and often shocking (and as of recently even prurient) news about the fraudulent ponzi exchange have by now reached … Continue reading African crypto exchanges rush to distance from FTX
FTX Crypto exchange’s Ponzi scheme extended deep into Africa
As the American Chapter 11 bankruptcy filing of now-defunct crypto exchange FTX shows, its rapid implosion within a matter of days last week has wrought havoc in the Web3 world, especially in crypto-currency trading -- and extended its fraudulent tentacles deep into many African jurisdictions. ftx-bankruptcy-filing-sbf-del-ch-11-2022Download “The whole operation was run by a gang of … Continue reading FTX Crypto exchange’s Ponzi scheme extended deep into Africa
Africa & its “El Salvador Moment”: CAR adopts BTC as legal tender
As of spring 2022, two of the poorest nations on Earth have adopted Bitcoin -- the leading crypto-currency with the highest global market capitalization -- as legal tender, with the Central African Republic's parliament having voted on such a measure on April 21, 2022, which had been introduced by the poverty-stricken country's Minister of Digital … Continue reading Africa & its “El Salvador Moment”: CAR adopts BTC as legal tender
Anti-Fraud & Corruption Law in Africa 