Quartz
Inside Africa’s biggest cryptocurrency scams
Africa is home to the world’s smallest cryptocurrency economies, but is also one of the fastest-growing regions for crypto adoption. Because cryptocurrencies promise a swift, convenient, and efficient means of investment, cross-border payments, and remittances, they attract many adopters in the continent. Over the past few years, many cryptocurrency swindles have been reported in different African countries, leading to millions of dollars in losses for investors who were originally promised high returns.