Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Nigerian court freezes about $38 million in cryptocurrencies to support protests

Nigerian court freezes about $38 million in cryptocurrencies to support protests

CointimeCointime2024/08/16 13:15
By:Cointime

According to CoinDesk, a Nigerian court has frozen around $38 million of cryptocurrency that is alleged to have been used to support protests in the country. Nigerian authorities said they traced $50 million in cryptocurrency donations to protests against the rising cost of living. The Abuja Federal High Court, at the request of the Economic and Financial Crimes Commission (EFCC), ordered the freezing of four wallets. Reportedly, these wallets are associated with the organizers of the EndBadGovernance protest movement. Nigeria's National Security Adviser, Nuhu Ribadu, said the government has successfully frozen $38 million of it. Nigeria has recently cracked down on cryptocurrency trading, blaming it for exacerbating the devaluation of the country's currency, the naira.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Shiba Inu Community Pushes Token Toward $0,001

HappyCoinNews2024/11/14 19:00

215 Arrested in South Korea’s $232M Crypto Scam

South Korean police have arrested 215 people for taking part in a massive crypto fraud scheme

Altcoinbuzz2024/11/14 19:00

BlackRock Launches BUIDL Fund on 5 Blockchains

BlackRock, the world’s largest asset manager, just took a big step in the crypto world

Altcoinbuzz2024/11/14 19:00