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Nigerian Court Freezes $38M in Crypto Linked to Protests
Aug 16, 2024, 12:25 PM
Nigerian authorities have traced $50 million in cryptocurrency, with nearly $38 million of it reportedly sent to support recent protests. A Nigerian court has moved to freeze these funds, which are linked to protests in the country. Despite the freeze, reports indicate that some of the crypto wallets remain active. The frozen assets, including $37 million USDT, are connected to MEXC and KuCoin hot wallets.
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Nigerian government • 25%
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Ban on cryptocurrency exchanges • 25%
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