FTX promised students in Africa up to 40% commission for getting their friends to trade on the now-bankrupt crypto exchange
Collapsed crypto exchange FTX recruited students in Africa to sign their friends up to trade on its platform, telling them they had the chance of earning as high as 40% commission.
University of Nigeria student Fortunate Atueyi told CNBC he was expected to get between 500 and 1,500 people to come. He was encouraged to educate prospective customers on crypto, as well as encourage them to trade. In August, FTX Africathat students who signed up as brand ambassadors would get a chance to earn up to 40% commission by inviting their friends to join.
Before its downfall, FTX used several tactics to expand its reach in Africa. It told customers in the continent that signing up to FTX and investing in crypto would shield them from inflation,Many African currencies plummeted last year as the Federal Reserve's interest-rate hikes pushed the dollar higher.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FTX promised students in Africa 40% commission for signing up friendsFTX promised students in Africa up to 40% commission for getting their friends to trade on the now-bankrupt crypto exchange
Read more »
I-40 Perkins Valley Road overpass repairs continue next week
Read more »
Colorado police officer dies after falling from 40-foot bridge while chasing carjacking suspects35-year-old Colorado police officer Julian Becerra has died just over a week after he was critically injured when he fell from a 40-foot bridge while pursuing suspects in a carjacking.
Read more »
Colorado officer dies after falling from a 40-foot bridge while chasing carjacking suspectsOfficer Julian Becerra died Saturday night just over a week after he fell from a 40-foot bridge while pursuing carjacking suspects, police say. The 35-year-old had been with the Fountain Police Department for over four years.
Read more »
DJ Dave Roberts, Chicago nightlife icon for more than 40 years, dies at 64Late Bar, which Roberts helped open in 2009, confirmed that he died Monday, Feb. 6.
Read more »
Jalen Brunson lights up Nets for 40 as Knicks end 9-game slide in seriesJalen Brunson scored 40 points and newcomer Josh Hart added 27 as the Knicks ended a 9-game losing streak against the Nets with a 124-106 win on Monday night. NewYorkForever NetsWorld
Read more »