Lifestyle
Seun Kuti Slams Cryptocurrency After Sister’s ₦50m Loss (Video)
By Benjamin Abioye
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Nigerian Afrobeat star, Seun Kuti, is making waves online after revealing that his sister lost over ₦50 million in cryptocurrency.
The controversial statement came in a viral video shared on X (formerly Twitter), where Seun passionately criticized the digital currency, calling it a scam that takes advantage of the poor.
In the video, Seun didn’t hold back as he condemned cryptocurrency, accusing promoters of exploiting vulnerable people. “Crypto is a lie. You people are criminals trying to steal from poor people,” Seun declared. “It’s nothing but a wealth transfer from the poorest to the richest, just like gambling.”
Seun’s frustration grew as he elaborated on the impact cryptocurrency has had on his own family, revealing that his sister lost a significant amount of money in the scheme. “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,” he said.
The video quickly sparked reactions from viewers, with many sharing differing opinions on the issue. Some defended cryptocurrency, blaming the losses on poor knowledge or ignorance. One user, @ARCHangel0_1, suggested, “She doesn’t know how to do crypto Oga. No day shout up and down, go and sit down.” Another, @olisaobioha, commented, “Crypto is only a scam when you don’t understand how to approach it. Y’all buy any coin and come and cry.”
However, there were others who sided with Seun’s skepticism, echoing his sentiments that the cryptocurrency world is rife with risk. @icecyclone stated, “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.” Similarly, @MRFLOYD_247 cautioned, “If you don’t know, kindly ask questions oga. You don’t go into investment with ignorance, or greed.”
In defense of Seun’s sister, some online commenters criticized the lack of research before investing. @OGUCCHE remarked, “Ur sister has no brain to have invested 50m without diligent research.” Another user, @glitch_8200, offered advice, saying, “It takes 2 bull runs to be rich in crypto, which is 5 years of learning and extreme patience… My advice to your sister is for her to first and foremost go and read the Bitcoin white paper before anything else.”
Despite the differing views, one user, @Elvissantaviou1, seemed to mock Seun’s stance, suggesting that his sister had been misled by unqualified mentors, adding, “your sister was scammed by fake mentors, lol, same crypto weh I use buy house?”
As the debate continues to unfold, it’s clear that Seun Kuti’s strong views on cryptocurrency have ignited a lively online conversation, especially among those who see the digital currency as both an opportunity and a potential risk.
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