Loading...
Market
Story
Nigeria Freezes $38M in Crypto, Including $37M USDT Linked to MEXC and KuCoin
Aug 16, 2024, 12:25 PM
Nigerian authorities have frozen $38 million in cryptocurrency, which they allege was used to support protests against the rising cost of living in the country. The funds were traced from a total of $50 million in cryptocurrency transactions, including $37 million in USDT connected to MEXC and KuCoin hot wallets. The government claims that these protests are linked to crypto trading, which they blame for negatively impacting the national currency, the naira.
View original story
Similar markets
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Permanently seized • 25%
Released back to original owners • 25%
Partially seized, partially released • 25%
Other outcome • 25%
Yes • 50%
No • 50%
New regulations introduced • 25%
Another major asset freeze • 25%
Court ruling in favor of crypto holders • 25%
Other significant action • 25%
Assets returned to owner • 25%
Assets confiscated by the state • 25%
Assets remain frozen • 25%
Assets transferred to another entity • 25%
Returned to protesters • 25%
Used for legal fees and settlements • 25%
Donated to charity • 25%
Other use • 25%
Busha Digital • 25%
Quidax Technologies • 25%
Other known operator • 25%
Unknown operator • 25%
Lu Huaying • 25%
Zhang Jian • 25%
Green Alpine Trading • 25%
Other • 25%
Guilty • 33%
Not Guilty • 33%
Case Dismissed • 34%