Mara Collapse: African Crypto Exchange Burns $16 Million for Salaries and Bonuses
Submitted by Anonymous (not verified) on Thu, 07/04/2024 - 09:00
Pan-African crypto exchange Mara reportedly lost approximately $16 million out of the $23 million raised from investors. Following the exchange’s collapse, founder and CEO Chinyere Nnadi is said to have launched a new entity called Jara. Nnadi reportedly argued that the exchange depleted its raised capital by paying high salaries to attract talent. CEO Avoids […]