EXPOSED: Binance’s Top Lawyer Reveals Plan to HOOK MILLIONS of Financially Desperate South Africans on CRYPTO.
In a SHOCKING admission, a top executive from the embattled crypto giant Binance has laid bare a ruthless strategy to TARGET and EXPLOIT one of Africa’s most vulnerable populations. Speaking to ITWeb, Larry Cooke, legal counsel for Binance Africa, bragged about a 208% YEAR-ON-YEAR explosion in South African users, as the company systematically capitalizes on economic despair, failing state banks, and widespread financial exclusion.
Cooke’s chilling statement reveals the core of their plan: “Crypto addresses… the unbanked population − approximately 57% of adults in Africa.” This isn’t about financial freedom; it’s a CORPORATE RAID on a desperate continent. With over 5.8 million South Africans now allegedly using crypto, Binance is weaving its volatile, high-risk digital assets into the very fabric of a struggling society, positioning itself as the de facto bank for millions abandoned by the traditional system.
The strategy is clear and merciless. Through “educational” tools like the SABC Crypto Show and partnerships with over 650,000 local merchants, Binance is creating an inescapable ecosystem. They are NOT just offering an alternative; they are engineering a DEPENDENCY, hooking new users on the promise of quick fixes for inflation and currency volatility. Meanwhile, they openly admit that “limited access to educational tools” and “scepticism” are major challenges—a tacit acknowledgement they are pushing complex, risky products onto an under-informed public.
This is a DANGEROUS GAMBLE with an entire nation’s financial stability, masterminded by a global entity with a history of regulatory clashes. As traditional institutions crumble, a shadowy, unregulated digital Leviathan is poised to fill the void, and its top brass are celebrating the conquest. The future of South Africa’s economy is being rewritten not in parliament, but on blockchain ledgers controlled from offshore. One must ask: when the bubble bursts, who will be left holding the bag?
Edited for Kayitsi.com
Author: Kayitsi.com
