According to CoinDesk, a Nigerian court has frozen around $38 million of cryptocurrency that is alleged to have been used to support protests in the country. Nigerian authorities said they traced $50 million in cryptocurrency donations to protests against the rising cost of living. The Abuja Federal High Court, at the request of the Economic and Financial Crimes Commission (EFCC), ordered the freezing of four wallets. Reportedly, these wallets are associated with the organizers of the EndBadGovernance protest movement. Nigeria's National Security Adviser, Nuhu Ribadu, said the government has successfully frozen $38 million of it. Nigeria has recently cracked down on cryptocurrency trading, blaming it for exacerbating the devaluation of the country's currency, the naira.
Nigerian court freezes about $38 million in cryptocurrencies to support protests
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