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Mara Collapse: African Crypto Exchange Burns $16 Million for Salaries and Bonuses

Mara Collapse: African Crypto Exchange Burns $16 Million for Salaries and Bonuses



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 […]



Source: https://news.bitcoin.com/mara-collapse-african-crypto-exchange-burns-16-million-for-salaries-and-bonuses/

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