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Crypto s fall from grace in Africa

The unspoken (in public ads and Twitter) case for crypto in Africa, was to get rich and quick. Recent events are denting this simple story.

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Latest Crypto News: SushiSwap Loses $3 3M, Hit By Drugs, Feuds, Bitcoin Marketplace Paxful Shuts Down

Latest Crypto News: SushiSwap Loses $3 3M, Hit By Drugs, Feuds, Bitcoin Marketplace Paxful Shuts Down
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Cannabis, Erratic Dismissals and Feuding Founders: Behind Bitcoin Marketplace Paxful s Unraveling

Founded in 2015, Paxful became one of the most popular places to buy bitcoin in Africa and other emerging markets, with more than 200 employees. Behind the scenes, staff took paid trips to music festivals, bosses fought, dismissals reportedly occurred on a whim and the smell of cannabis permeated the office.

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Drugs, Erratic Dismissals and Feuding Founders: Behind Bitcoin Marketplace Paxful s Unraveling | Currency News | Financial and Business News

In September 2016, a police-blotter news item appeared on the website of a local CBS TV affiliate in Miami Beach, Florida: Pedestrians in the upsc.

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Paxful is shutting down, move your crypto

Paxful has urged customers to withdraw or move their cryptocurrency assets from its platform as it winds up operations.

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