Many of the students who acted as FTX’s brand ambassadors in Nigeria before it collapsed were not aware of the crypto exchange’s precarious financial position. cryptoeducation
Report: FTX Promised High Earnings to African Students That Successfully Recruited Fellow Learners
Besides encouraging the new investors to use the platform, the students were also required to educate them about crypto and blockchain technology. The students had to emphasize to fellow students the benefits of using FTX. According to a Business Insiderreport As expected, the crypto exchange’s collapse and the impact it has had on the broader crypto industry have amplified calls for tougher regulation of crypto entities. In Africa, regulators such as the Rwandan central bank have used FTX’s collapse toYet, despite the threat of stricter regulation as well as the public’s now dimmed view of the crypto industry, some of the students quoted in the report said they are undeterred.
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