{"id":205699,"date":"2025-01-30T02:44:13","date_gmt":"2025-01-30T02:44:13","guid":{"rendered":"https:\/\/www.withinnigeria.com\/entertainment\/?p=205699"},"modified":"2025-01-30T02:44:13","modified_gmt":"2025-01-30T02:44:13","slug":"crypto-is-a-lie-seun-kuti-rages-as-sister-allegedly-loses-n50-million","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/entertainment\/2025\/01\/30\/crypto-is-a-lie-seun-kuti-rages-as-sister-allegedly-loses-n50-million\/","title":{"rendered":"&#8220;Crypto is a lie&#8221; &#8211; Seun Kuti rages as sister allegedly loses N50 million"},"content":{"rendered":"<ul>\n<li><strong>Popular Nigerian singer, Seun Kuti publicly blasted cryptocurrency, calling it a scam that exploits the poor.<\/strong><\/li>\n<li><strong>Seun Kuti revealed that his sister lost over \u20a650 million in a cryptocurrency scheme, sharing the emotional impact it had on his family.<\/strong><\/li>\n<li><strong>Seun\u00a0Kuti described cryptocurrency as a &#8220;wealth transfer&#8221; from the poor to the rich, likening it to gambling and accusing its promoters of criminal activity.<\/strong><\/li>\n<li><strong>The video of Kuti\u2019s passionate condemnation quickly went viral on X (formerly Twitter), sparking widespread reactions from concerned Nigerians.<\/strong><\/li>\n<\/ul>\n<hr \/>\n<p>Nigerian singer, <strong><a href=\"http:\/\/www.withinnigeria.com\/tag\/seun-kuti\">Seun Kuti,<\/a> <\/strong>has stirred up a wave of controversy after revealing that his sister allegedly lost over N50 million in a cryptocurrency investment scheme.<\/p>\n<p>The shocking revelation was made in a viral video posted on X (formerly Twitter), where Kuti passionately condemned the crypto market, accusing it of being a scam.<\/p>\n<p>In the video, Seun Kuti expressed his frustration and disbelief at the impact of <strong><a href=\"http:\/\/www.withinnigeria.com\/tag\/cryptocurrency\">cryptocurrency<\/a> <\/strong>on ordinary Nigerians.<\/p>\n<p>&nbsp;<\/p>\n<figure id=\"attachment_205702\" aria-describedby=\"caption-attachment-205702\" style=\"width: 636px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-205702 size-full\" src=\"https:\/\/www.withinnigeria.com\/entertainment\/wp-content\/uploads\/sites\/6\/2025\/01\/Screenshot-2025-01-30-025113.png\" alt=\"Seun Kuti calls Cryptocurrency a scam, accuses it of exploiting the poor after sister allegedly loses N50 million\" width=\"636\" height=\"606\" srcset=\"https:\/\/www.withinnigeria.com\/entertainment\/wp-content\/uploads\/sites\/6\/2025\/01\/Screenshot-2025-01-30-025113.png 636w, https:\/\/www.withinnigeria.com\/entertainment\/wp-content\/uploads\/sites\/6\/2025\/01\/Screenshot-2025-01-30-025113-300x286.png 300w\" sizes=\"(max-width: 636px) 100vw, 636px\" \/><figcaption id=\"caption-attachment-205702\" class=\"wp-caption-text\">Seun Kuti.<\/figcaption><\/figure>\n<p>He strongly criticized cryptocurrency promoters, calling them &#8220;criminals&#8221; who exploit vulnerable individuals, especially the poor.<\/p>\n<blockquote><p>\u201c<em>Crypto is a lie. You people are criminals trying to steal from poor people. It\u2019s nothing but a wealth transfer from the poorest to the richest, just like gambling.\u201d<\/em><\/p>\n<p>\u201c<em>You all promote it, you push it, but it\u2019s all about wealth transfer. You\u2019re all part of this plan to shift wealth from the poor to the pockets of the rich.\u201d<\/em><\/p>\n<p>\u201c<em>There\u2019s no freedom in crypto. More Africans have lost money to this than those who have made a profit from it,\u201d<\/em> he said.<\/p><\/blockquote>\n<p>He went on to describe the cryptocurrency system as a &#8220;scheme&#8221; designed to funnel wealth into the pockets of the wealthy, leaving the less fortunate at a loss.<\/p>\n<p>Seun Kuti also shared a deeply personal account of the toll cryptocurrency has taken on his own family.<\/p>\n<p>\u201c<em>You know how much my sister has lost to crypto. I\u2019ve been warning her, but she didn\u2019t listen. I can\u2019t even tell you how much I\u2019ve lost\u2014over \u20a650 million. My sister, my own blood sister\u2014this is how many Nigerians have lost millions.<\/em>&#8221; he added.<\/p>\n<p data-pm-slice=\"0 0 []\">The video quickly gained traction online, with many social media users voicing their concerns about cryptocurrency and its risks.<\/p>\n<h3>Netizens Reactions&#8230;<\/h3>\n<p><strong>@ARCHangel0_1 <\/strong>said: <em>\u201cShe doesn\u2019t know how to do crypto Oga. No day shout up and down, go and sit down.\u201d<\/em><\/p>\n<p><strong>@olisaobioha <\/strong>said:<em>\u00a0\u201cCrypto is only a scam when you don\u2019t understand how to approach it. Y\u2019all buy any coin and come and cry.\u201d<\/em><\/p>\n<p><strong>@icecyclone <\/strong>said:<em>\u00a0\u201cHe 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.\u201d<\/em><\/p>\n<p><strong>@MRFLOYD_247 <\/strong>said:<em>\u00a0\u201cIf you don\u2019t know, kindly ask questions oga. You don\u2019t go into investment with ignorance, or greed.\u201d<\/em><\/p>\n<p><strong>@lyndeloff <\/strong>said: <em>\u201cAfrica this Africa that\u2026 Like say dem design crypto to milk Africans\u2026. Pan-Africanists do too much atimes.\u201d<\/em><\/p>\n<p><strong>@OGUCCHE <\/strong>said:<em>\u00a0\u201cUr sister has no brain to have invested 50m without diligence research.\u201d<\/em><\/p>\n<p><strong>@glitch_8200 <\/strong>said:<em>\u00a0\u201cIt takes 2 bull runs to be rich in crypto, which is 5 years of learning and extreme patience\u2026 Do not invest in anything without first, taking time to learn\u2026 My advice to your sister is for her to first and foremost go and read the Bitcoin white paper before anything else.\u201d<\/em><\/p>\n<p><strong>@Elvissantaviou1 <\/strong>said: <em>\u201cThis one doesn\u2019t know anything about crypto. your sister was scammed by fake mentors, lol, same crypto weh I use buy house?\u201d<\/em><\/p>\n<p>See below;<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">&quot;Crypto is a fcc*ing lie&#8230; My sister lost over 50 million to crypto&quot;<\/p>\n<p>&#8211; Seun Kuti <a href=\"https:\/\/t.co\/4oIgbORKMq\">pic.twitter.com\/4oIgbORKMq<\/a><\/p>\n<p>&mdash; @\ud835\uddfc\ud835\uddfb\ud835\uddf2\ud835\uddf7\ud835\uddfc\ud835\uddef\ud835\uddf9\ud835\uddf2\ud835\ude00\ud835\ude00\ud835\uddef\ud835\uddfc\ud835\ude06 (@OneJoblessBoy) <a href=\"https:\/\/twitter.com\/OneJoblessBoy\/status\/1884653771998769213?ref_src=twsrc%5Etfw\">January 29, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Popular Nigerian singer, Seun Kuti publicly blasted cryptocurrency, calling it a scam that exploits the poor. Seun Kuti revealed that his sister lost over \u20a650 million in a cryptocurrency scheme, sharing the emotional impact it had on his family. Seun\u00a0Kuti described cryptocurrency as a &#8220;wealth transfer&#8221; from the poor to the rich, likening it to [&hellip;]<\/p>\n","protected":false},"author":53,"featured_media":205703,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"2","single_blog_custom":"94000","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"1","zoom_button_out_step":"3","zoom_button_in_step":"3","show_post_tag":"0","show_prev_next_post":"0","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"1","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"footnotes":""},"categories":[27685],"tags":[7408,22733,1224,3137,2717],"class_list":["post-205699","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entertainment","tag-cryptocurrency","tag-n50m","tag-nigerian-singer","tag-seun-kuti","tag-sister"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Seun Kuti rages as sister allegedly loses N50 million<\/title>\n<meta name=\"description\" content=\"Seun Kuti, has stirred up controversy after revealing that his sister allegedly lost over N50 million in a cryptocurrency investment scheme.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/entertainment\/2025\/01\/30\/crypto-is-a-lie-seun-kuti-rages-as-sister-allegedly-loses-n50-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"&quot;Crypto is a lie&quot; - Seun Kuti rages as sister allegedly loses N50 million\" \/>\n<meta property=\"og:description\" content=\"Popular Nigerian singer, Seun Kuti publicly blasted cryptocurrency, calling it a scam that exploits the poor. 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