By Astra Christodoulou Introduction Crypto assets have experienced a rapid popularisation since Bitcoin's creation in 2009, being the first crypto asset created. Crypto assets are of a decentralised nature, meaning they operate without a central authority.Which allows for peer-to-peer transactions that are borderless and largely irreversible. While the nature of crypto assets lends itself to providing efficiency and being financially inclusive, it also creates significant fraud risks. Without traditional intermediaries as are found in centralised financial infrastructures, regulatory … Continue reading Crypto Chaos: Regulatory Failures & the Fall of Mirror Trading International
African crypto exchanges rush to distance from FTX
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
Anti-Fraud & Corruption Law in Africa 