FLASH: Court Freezes N548.6 Million Belonging To ‘ByBit, KuCoin’ Nigerian Crypto Users
Nigeria’s anti-graft agency, the Economic and Financial Crimes Commission (EFCC), has secured an order from the Federal High Court to freeze N548.6 million in bank accounts belonging to suspected crypto users on platforms like ByBit, KuCoin, and others, based on their alleged role in naira fluctuations. The motion, dated September 3, 2024, which the court…