Nigeria Court Freezes $38M of Crypto Allegedly Sent to Support Protests in the Country: Reports
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Nigerian authorities have traced $50 million of cryptocurrency sent to support recent protests, local media reported.

Nigerian authorities moved to freeze $38 million in crypto they say was sent to support protests against inflation in the country.Nigeria has cracked down on crypto and Binance, the world's largest exchange, for allegedly contributing to weakening its currency.

A Nigerian court issued an order to freeze almost $38 million of the $50 million in cryptocurrency authorities said was sent to support protests against the rising cost of living in the most populous African nation.

The Federal High Court in Abuja issued the order to freeze four wallets allegedly owned by organizers of the #EndBadGovernance protests at the request of the Economic and Financial Crimes Commission (EFCC), the Premium Times reported, citing a copy of the decision on Tuesday.

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