On Dec. 12, Sam Bankman-Fried, once described as the J.P. Morgan of the crypto industry, was arrested and charged with defrauding investors, just a month after his $32 billion cryptocurrency exchange, FTX, filed for bankruptcy. FTX’s collapse sent shockwaves through the crypto world, perhaps felt nowhere more acutely than in Africa.
Africa’s Crypto Market Just Took a Hit From FTX’s Collapse
