Nigerian cryptocurrency celebrity Linus Williams, also known as Blord, was released on bail after three days of police custody.

Blord was detained by the Cyber ​​Crimes unit of the Nigerian Police Force on charges of cryptocurrency fraud and financing terrorism. This situation caused great repercussions in the fintech community. Blord denied the accusations in a statement on Instagram.

Blord Group stated that the CEO was invited only for questioning. However, the Nigerian Police confirmed Blord's arrest.

This incident has reignited the debate on cryptocurrency regulations in Nigeria. We are waiting your comments.