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

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

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Source: Bitcoin.com

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 […]

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Author: Terence Zimwara

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