FTX promised students in Africa up to 40% commission for getting their friends to trade on the now-bankrupt crypto exchange

• FTX recruited students in Africa to get their friends to sign up to trade crypto on its platform, per CNBC.
• The now-bankrupt crypto exchange promised "brand ambassadors" the chance of up to 40% commission.
• Meanwhile, FTX told African customers that investing in crypto would protect them from inflation.

Collapsed crypto exchange FTX recruited students in Africa to sign their friends up to trade on its platform, telling them they had the chance of earning as high as 40% commission. 

The push to enlist "ambassadors" on university campuses in Africa was one of several efforts by Sam Bankman-Fried's once-leading exchange to pull in new members on that continent.