Seun Kuti blasts cryptocurrency as sister allegedly loses ₦50 million in the scheme
Seun Kuti, a Nigerian singer, has set the internet ablaze after revealing that his sister lost over ₦50 million in cryptocurrency.
The revelation came in a video that has since gone viral on X (formerly Twitter).
Nigerian singer, Seun Kuti.
In the video, Kuti passionately voiced his frustrations, condemning cryptocurrency as a scam and accusing its promoters of exploiting the poor.
He described it as a scheme that transfers wealth from the poorest to the richest, likening it to gambling.
He said: “Crypto is a lie. You people are criminals trying to steal from poor people. It’s nothing but a wealth transfer from the poorest to the richest, just like gambling.”
“You all promote it, you push it, but it’s all about wealth transfer. You’re all part of this plan to shift wealth from the poor to the pockets of the rich.”
“There’s no freedom in crypto. More Africans have lost money to this than those who have made a profit from it.”
Kuti also shared the personal toll it has taken on his family, saying, “You know how much my sister has lost to crypto. I’ve been warning her, but she didn’t listen. I can’t even tell you how much I’ve lost—over ₦50 million. My sister, my own blood sister—this is how many Nigerians have lost millions.”
The video has sparked a flurry of reactions online, with concerned individuals flooding the comments section to share their thoughts.
See some reactions below:
@ARCHangel0_1: “She doesn’t know how to do crypto Oga. No day shout up and down, go and sit down.”
@olisaobioha: “Crypto is only a scam when you don’t understand how to approach it. Y’all buy any coin and come and cry.”
@icecyclone: “He is talking about something he knows little or nothing about, and he is wrong. Most people go into crypto and stock trading without knowledge, and they get burnt.”
@MRFLOYD_247: “If you don’t know, kindly ask questions oga. You don’t go into investment with ignorance, or greed.”
@lyndeloff: “Africa this Africa that… Like say dem design crypto to milk Africans…. Pan-Africanists do too much atimes.”
@OGUCCHE: “Ur sister has no brain to have invested 50m without diligence research.”
@glitch_8200: “It takes 2 bull runs to be rich in crypto, which is 5 years of learning and extreme patience… Do not invest in anything without first, taking time to learn… My advice to your sister is for her to first and foremost go and read the Bitcoin white paper before anything else.”
@Elvissantaviou1: “This one doesn’t know anything about crypto. your sister was scammed by fake mentors, lol, same crypto weh I use buy house?”
WATCH VIDEO:
“Crypto is a fcc*ing lie… My sister lost over 50 million to crypto”
– Seun Kuti pic.twitter.com/4oIgbORKMq
— @𝗼𝗻𝗲𝗷𝗼𝗯𝗹𝗲𝘀𝘀𝗯𝗼𝘆 (@OneJoblessBoy) January 29, 2025
