Mara, the Crypto Startup Backed by Coinbase, Collapses Amid Leadership Turmoil and $16 Million Loss in 2022
Mara, a pan-African crypto exchange backed by prominent investors like Coinbase Ventures and Alameda Research, faced a dramatic collapse just two years after its launch. The startup, founded in 2021 with a vision to “build Africa’s crypto economy,” burned through $16 million in 2022, with its leadership falling apart and financial mismanagement at the core […]
