In Africa, FTX Promised Stability and Swag

Jan 30, 2023, 08:00 AM

Across Africa FTX used brand ambassadors and glitzy events to attract new users . Many customers saw cryptocurrency as a way to protect against inflation in local currencies. But when the crypto exchange collapsed many lost their savings. WSJ reporter Alexandra Wexler joins host Zoe Thomas to discuss how FTX grew in Africa and what happened to investors.  

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Across Africa FTX used brand ambassadors and glitzy events to attract new users . Many customers saw cryptocurrency as a way to protect against inflation in local currencies. But when the crypto exchange collapsed many lost their savings. WSJ reporter Alexandra Wexler joins host Zoe Thomas to discuss how FTX grew in Africa and what happened to investors.  

Learn more about your ad choices. Visit megaphone.fm/adchoices

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