week before cryptocurrency exchange FTX filed for bankruptcyDozens of young Nigerians dressed in skimpy dresses and brightly colored suits, twinkling under the Limbo Bar, posing for photos in front of company logos and sipping expensive wine at a luxurious beachside venue.
The party in Lagos, Nigeria, was part of the Bahamas-based exchange’s push into Africa, where, in the final days before its implosion, FTX was aggressively recruiting new clients whose funds are now mired in bankruptcy proceedings. . US Attorney The founder of FTX is accused, Sam Bankman-Friedwith fraud for Allegedly stolen billions of dollars of client funds from FTX and defrauding investors and lenders of his trading firm, Alameda Research. He has pleaded not guilty.