File on 4 - The Wolf of Crypto
Set in the belly of rural England, the small village of Winchmore Hill is a far cry from the world of privileged tech bros and slick silicon valley investors, often associated with crypto currencies. Yet in 2021, this community just north of Slough became the recruiting ground for a crypto investment called Koda.
Thanks to the gregarious pub landlord, who promoted the coin and ran crypto nights, a big chunk of this community where everyone knows everyone put money into the currency. They invested thousands of pounds, in some cases their life savings, but when the currency plummeted months later, they lost it all, leaving the community utterly devastated.
Lucinda Borrell explores the lasting impact on this small village, and asks why this particular crypto coin became so appealing in the first place.
Published on Tuesday, 1st August 2023.
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