Crypto Funds Frozen: Court Halts $38M Allegedly Meant For Nigeria Protests

Quick Summary:

A Nigerian court has ordered the freezing of nearly $40 million in crypto funds believed to have been used to support nationwide protests against the government.

The ruling, amid heightened tensions over the rising cost of living in Africa’s most populous nation, has sparked concerns over the authorities’ response to civic unrest.

Authorities have since taken a hard line, arresting suspected protest organizers and those believed to have committed crimes under the guise of the rallies.

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Article Details

Author / Journalist: Ronaldo Marquez

Category: Crypto

Markets: HungaryNigerNigeria

Topics: Crypto Crypto regulation Cryptocurrencies Digital currency Nigeria crypto Binance vs nigeria Crypto News Binance Nigeria Crypto news DeFi Nigerian crypto crackdown Cryptocurrency

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-17 @ 05:30:00 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 480 words

Reading Time: 3 minutes read

Sentences: 29 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 22112875

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 17 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 12 hours ago

Coverage Areas: Hungary

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Publication Timezone: GMT +8:00

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Publisher ID: #105

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