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FTX processed billions monthly in Africa before going bust
On November 14, Nestcoin, one of the startups leading crypto and web3 efforts in Africa, announced that it was laying off several employees. The news is, in part, connected to the downfall of crypto exchange FTX, according to chief executive officer Yele Bademosi. Most FTX customers have been unable to withdraw their funds from the platform as the Bahamas-headquartered company goes through bankruptcy proceedings.
