Fun

Nigerian trader’s integrity restores trust in crypto

News Feed - 2024-07-03 07:07:44

Amaka Nwaokocha13 hours agoNigerian trader’s integrity restores trust in cryptoThe act of goodwill has gone viral on social media, restoring Nigerians’ trust in the crypto community.9111 Total views3 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksFemi Akinola, a Nigerian cryptocurrency trader, returned 90 Solana tokens worth $14,000 that a foreign trader mistakenly sent to him. His honest act garnered widespread praise and led to gifts totaling over 35 SOL from members of the crypto community.


In an interview with Cointelegraph, Akinola explained that a crypto trader known as The Crypto Network on X had intended to send him $100 in Solana (SOL) tokens as part of a giveaway but accidentally transferred 100 SOL worth approximately 20 million Nigerian nairas ($13,300).Accidental riches


Realizing his mistake, the trader contacted Akinola and requested the return of 90 SOL, allowing him to keep 10 SOL as a gesture of goodwill. According to The Crypto Network’s post on X, he was astonished when Akinola honored the request and promptly returned 90 SOL.


Akinola said he faced a tough decision when he realized that a large amount of SOL tokens had been mistakenly sent to his account, but he chose to do the right thing and return them. He explained that his choice was motivated by his Christian faith.Source: The Crypto Network


Discussing how this experience should alter perceptions of transactions and interactions within the crypto community, Akinola expressed his belief that his actions demonstrate that there is still hope within the crypto community.“I used to hear about similar incidents where people had to make ethical decisions and would think it was superhuman. But at that moment, all I could think of was my integrity and doing the right thing.”Boosting Nigeria’s crypto image


Akinola believes his actions might positively impact the perception of Nigerian traders in the global crypto community. He said he plans to use his newfound fame to create free seminars to educate individuals on crypto.


Related: Nigeria urged to adopt crypto regulations inspired by Europe


Regarding events that impact trust within the crypto community, Akinola highlighted that people should refrain from participating in pump-and-dump schemes, as these practices further contribute to the industry’s lack of trust.


Nigeria’s crypto community had earlier raised concerns over a suspected pump-and-dump scheme by Afro-pop star Davido, who launched the Timeless Davido (DAVIDO) memecoin in May.


Some community members claimed that Davido had previously offloaded digital coins onto his fans, making this the second occurrence in the past three years, leaving his followers to absorb the losses.


In 2021, Davido promoted RapDoge before selling off more than $300,000 worth of the cryptocurrency to his fans.


Magazine:Caitlyn Jenner meme coin ‘mastermind’s’ celebrity price list leaked# Blockchain# Cryptocurrencies# Nigeria# global crypto# Cryptofriends# SolanaAdd reaction

News Feed

Judge Gives Craig Wright New Deadline – Citing Forgery, Perjured Testimony in Court
Judge Gives Craig Wright New Deadline - Citing Forgery, Perjured Testimony in Court A new court filing from the Kleiman v. Wright lawsuit shows that Judge Bruce Reinhart has over
Jesse Coghlan7 hours agoFTX seeks to reverse payments made to Shaq, Naomi Osaka and Miami HeatFTX laid out the millions it paid to the likes of Shaquille O’Neal, Naomi Osaka and other high-profile people that it’s lo
Russia Considers Jail Time for People Helping Crypto Scammers Launder Proceeds
Russia Considers Jail Time for People Helping Crypto Scammers Launder Proceeds The interior ministry of Russia has decided to go after those providing money-laundering services to
Solana Slips To $209: Rising Bearish Pressure Threatens Key Support
Este artículo también está disponible en español. Solana is navigating a critical juncture as its price edges toward the $209 mark under increasing bearish pressure. Rece
Gareth Jenkinson47 minutes agoJapan PM reaffirms Web3 plans as Binance announces imminent launchFumio Kishida described Web3 as a "new form of capitalism" in a keynote address at WebX conference in Japan.414 To
Bitcoin, Ethereum Technical Analysis: BTC Moves Below $40,000 on Saturday
Bitcoin, Ethereum Technical Analysis: BTC Moves Below $40,000 on Saturday Bitcoin fell below $40,000 to start the weekend, as crypto markets continued to be submerged by the latest
Idaho Warns of Crypto Scams Promising 80% Returns Every 24 Hours
Idaho Warns of Crypto Scams Promising 80% Returns Every 24 Hours The finance department of the U.S. state of Idaho has warned investors of a series of cryptocurrency scams promisin
Former Cred execs face wire fraud and money laundering charges
Ciaran Lyons8 hours agoFormer Cred execs face wire fraud and money laundering chargesAfter their initial court appearances on May 2, the former CEO and chief financial officer of Cred must enter their plea by May 8.2787
Tim Draper Extends BTC Price Prediction by 6 Months — ‘By Mid-2023, I’m Expecting to See Bitcoin Hit $250K’
Tim Draper Extends BTC Price Prediction by 6 Months — "By Mid-2023, I’m Expecting to See Bitcoin Hit $250K" The American venture capitalist and founder of Draper Fisher Jurvets
Industry veterans share praise, skepticism, as Ethereum Dencun upgrade goes live
Zhiyuan Sun8 hours agoIndustry veterans share praise, skepticism, as Ethereum Dencun upgrade goes liveThe much-anticipated upgrade was several years in the making for its final debut on March 13.1289 Total views29 Total
Bitcoin.com’s Mining Video Censored: The Tale of Youtube’s Blatant Censorship and Propaganda
Bitcoin.com"s Mining Video Censored: The Tale of Youtube"s Blatant Censorship and PropagandaDuring the last few years, the Google-owned Youtube platform has been accused of massive
Price analysis 3/11: SPX, DXY, BTC, ETH, BNB, SOL, XRP, ADA, DOGE, SHIB
Rakesh Upadhyay6 hours agoPrice analysis 3/11: SPX, DXY, BTC, ETH, BNB, SOL, XRP, ADA, DOGE, SHIBBitcoin is showing no signs of slowing down as demand for the spot Bitcoin ETFs remains robust. Can altcoins keep pace?4619