Nigerian singer Seun Kuti has ignited a firestorm of controversy after revealing that his sister lost a staggering ₦50 million to cryptocurrency. In a blistering video, Kuti denounced cryptocurrency as a fraudulent scheme, accusing its proponents of preying on unsuspecting individuals.
Kuti vehemently argued that cryptocurrency is a wealth transfer ruse, designed to enrich the wealthy at the expense of the poor. He emphasized that the hype surrounding cryptocurrency is grossly misleading, citing the disproportionate number of Africans who have lost money to it.
Visibly frustrated, Kuti shared his personal experience, recounting how his sister had disregarded his warnings, only to suffer a substantial financial loss. His impassioned remarks have sparked a heated debate about the legitimacy and risks of cryptocurrency.
