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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.
Nigerian authorities have traced $50 million of cryptocurrency, and moved to freeze nearly $38 million, they said was sent to support recent protests, local media reported. https://t.co/Rjz0E2Q7VY
China's Zhongshan frees seized Nigerian presidential jet https://t.co/NsTjans6j9 https://t.co/dAdFntlGsL
NIGERIA FREEZES $38 MILLION IN CRYPTO ALLEGEDLY LINKED TO PROTESTS Nigerian authorities have frozen $38 million in cryptocurrency, claiming it was used to support protests against the nation's rising cost of living. The naira has been steadily declining, which officials partly… https://t.co/GQnzE6cA3A
