EFCC, Court Freeze N548.6 Million Belonging to ByBit, KuCoin 9ja Crypto Users. - page 3.

Oshio-man

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Quote from: CryptopreneurBrainboss on September 12, 2024, 06:42:13 AM

Quote from: https://parallelfactsnews.com/efcc-freezes-n548-6-million-to-bybit-kucoin/

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, over their alleged involvement in naira fluctuation activities.
The motion, dated September 3, 2024, which the court relied on to freeze the funds, casts a fresh spotlight on major foreign crypto platforms, ByBit and KuCoin, accusing them of aiding the devaluation of the Nigerian currency.

I been think say this wahala done stop since I wasn't hearing much concerning this matter anymore but yesterday, this news comes my feed and it got me worried because innocent people go also follow for this case. E no get how you go tell me say everybody that was involved is or was a crypto P2P trader.

Even me too, I think say na only binance government say dey don't want in d country but it was a surprise to me to hear dis information from here now about Bybit and Kucoin, well, we need to b very careful in d exchange market because I think say na there EFCC for take all those accounts number to take permission from d high Court to freeze their account as a crypto users, dis is Nigeria, I don't think all of dem are crypto users because d government will use dis opportunity to involve their enemy or opposition party members to claim dat dey are among d people dat is fighting d progress of dis country, those who are still using Bybit and Kucoin exchange, we need to learn lesson from dis incident, so dat dey will not use us shine.

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Money no safe anywhere again, either you leave more of your funds in Bitcoin in a self constodial wallets and they sell to Naira anytime you need am because no where safe again.

I agree wit u on dis, say our money no longer save in d bank in d country because for EFCC to freeze people account without hear from dem, show say we should b very careful with d huge amount of money we dey leave for bank, I don't think say I go dey leave big money for bank again than to continue to use dem to buy bitcoin and leave dem in my electrum wallet.

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Quote from: CryptopreneurBrainboss on September 12, 2024, 06:42:13 AM

Quote from: https://parallelfactsnews.com/efcc-freezes-n548-6-million-to-bybit-kucoin/

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, over their alleged involvement in naira fluctuation activities.
The motion, dated September 3, 2024, which the court relied on to freeze the funds, casts a fresh spotlight on major foreign crypto platforms, ByBit and KuCoin, accusing them of aiding the devaluation of the Nigerian currency.

I been think say this wahala done stop since I wasn't hearing much concerning this matter anymore but yesterday, this news comes my feed and it got me worried because innocent people go also follow for this case. E no get how you go tell me say everybody that was involved is or was a crypto P2P trader. This one they also means say we self no safe again as we dey trade with this merchants them and as we dey advice make you no leave your crypto for exchange, e belike we go add no leave too much Naira for bank too oh because I no understand where this country they head to. Money no safe anywhere again, either you leave more of your funds in Bitcoin in a self constodial wallets and they sell to Naira anytime you need am because no where safe again.

No be small wahala and fear wey dis our government wan put for people body o and I pity people wey dey affected for this kind unfortunate decision of the government, like 548.6 million naira no be come chop na wetin come be all dis ones again na, wen we dey hope say the government wan even reach consensus wit all these crypto exchanges including the ones wey dem bin ban before but yet as e be like dis now the fight against crypto exchanges still continues.

Any how e be sha na to leave our assets for Bitcoin be dat o because e go bad say dis people come go froze person account unnecessarily wey be say we know how the country be unto say wen something like dis happens na only by the grace of God wey the government go fit unfroze dose accounts again. If no be say hunger and the cost of living dey high like dis wey e be say on how in be people must need money to take solve immediate family matters like feeding and all dat if not na to just bone face leave crypto assets like Bitcoins for self custody wallets dey accumulate am there small small before you know sef person don get better stash for yin portfolio be dat o. Well na God go help us for dis country like dis because dis matter don pass be careful o.

Cryptomultiplier

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Quote from: CryptopreneurBrainboss on September 12, 2024, 06:42:13 AM

Quote from: https://parallelfactsnews.com/efcc-freezes-n548-6-million-to-bybit-kucoin/

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, over their alleged involvement in naira fluctuation activities.
The motion, dated September 3, 2024, which the court relied on to freeze the funds, casts a fresh spotlight on major foreign crypto platforms, ByBit and KuCoin, accusing them of aiding the devaluation of the Nigerian currency.

I been think say this wahala done stop since I wasn't hearing much concerning this matter anymore but yesterday, this news comes my feed and it got me worried because innocent people go also follow for this case. E no get how you go tell me say everybody that was involved is or was a crypto P2P trader. This one they also means say we self no safe again as we dey trade with this merchants them and as we dey advice make you no leave your crypto for exchange, e belike we go add no leave too much Naira for bank too oh because I no understand where this country they head to. Money no safe anywhere again, either you leave more of your funds in Bitcoin in a self constodial wallets and they sell to Naira anytime you need am because no where safe again.

It has really been a while I heard anything concerning the crypto and exchanges saga ongoing in this country. Though it is no longer safe holding funds for long, I think reinvestment or diversifying a cryptocurrency portfolio into physical assets like gold or land would help keep one safe from any new policies the government enacts to make crypto users have a hard time.
Also, keeping or saving up cryptocurrency in non custodian wallets is a sure way to ensure ones crypto holdings remain intact and useable wherever one finds himself at any moment.

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Quote from: CryptopreneurBrainboss on September 12, 2024, 06:42:13 AM

Quote from: https://parallelfactsnews.com/efcc-freezes-n548-6-million-to-bybit-kucoin/

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, over their alleged involvement in naira fluctuation activities.
The motion, dated September 3, 2024, which the court relied on to freeze the funds, casts a fresh spotlight on major foreign crypto platforms, ByBit and KuCoin, accusing them of aiding the devaluation of the Nigerian currency.

I been think say this wahala done stop since I wasn't hearing much concerning this matter anymore but yesterday, this news comes my feed and it got me worried because innocent people go also follow for this case. E no get how you go tell me say everybody that was involved is or was a crypto P2P trader. This one they also means say we self no safe again as we dey trade with this merchants them and as we dey advice make you no leave your crypto for exchange, e belike we go add no leave too much Naira for bank too oh because I no understand where this country they head to. Money no safe anywhere again, either you leave more of your funds in Bitcoin in a self constodial wallets and they sell to Naira anytime you need am because no where safe again.

Me self I see the news yesterday I been dey even think of creating thread about am yesterday but before I come here dem don creat one. This thing Na wettin we don discuss pass. Government even said dem go add tax Abi na transaction fee for any transaction person do for kucoin, we come dey wait make them implement am make kucoin begin P2P but as this case show up like this E dey obvious say this people no get good intentions for us. The best way na to avoid keeping fund for CeX like this as you talk before then go freez person hard earn money.

Marvelockg

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I don't know why up till now the government don't want to face the root cause of our currency devaluation problem but rather go after short term policies that only frustrate her citizens while the exchange rate remains as it is with no significant improvement. Will they freeze all the account that are associated with crypto or those that are responsible for the devaluation of the naira? What measures are they taken to ensure that Innocent ones don't get affected?

No where is even safe now. You leave money in an exchange the file for naira to be delisted and when you now leave your money in fiat, you're now at thier mercy with this kind of threat that will certainly affect the majority of people in the crypto space.

Quote from: Charles-Tim on September 12, 2024, 07:02:12 AM

But are there people among us leaving money in bank with how naira devaluation continues? The government tried to manipulate but they are illiterate to tackle the issue but lying to people about it.

sometimes because of the exchange rate that's favourable now, some people just take advantage of it and convert some of thier holding to fiat and keep it till they decide to use it for a particular project. Should they now be made frustrated on where to keep thier money? They don't want to provide job for the masses but still want to deny the youths the means of making money that has reduced crime in the country.

Charles-Tim

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I saw it on legal board on Bitcointalk and we discussed about it yesterday. It is good that you brought it up here also. But are there people among us leaving money in bank with how naira devaluation continues? The government tried to manipulate but they are illiterate to tackle the issue but lying to people about it.

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Quote from: CryptopreneurBrainboss on September 12, 2024, 06:42:13 AM

Money no safe anywhere again, either you leave more of your funds in Bitcoin in a self constodial wallets and they sell to Naira anytime you need am because no where safe again.

I also see this news, e shock me sha, things dey sup for this space with our government, na this one be the best to hold more of our money in bitcoin for non custodian wallets and try dey hide the wallets in case person go fall victim, na only exchange account them fit see and so they nor go fit force person to send money wey they nor know if e really dey exist.

Make we dey watchful nor to fall victim, God help us from all these wicked governments.

CryptopreneurBrainboss

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Quote from: https://parallelfactsnews.com/efcc-freezes-n548-6-million-to-bybit-kucoin/

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, over their alleged involvement in naira fluctuation activities.
The motion, dated September 3, 2024, which the court relied on to freeze the funds, casts a fresh spotlight on major foreign crypto platforms, ByBit and KuCoin, accusing them of aiding the devaluation of the Nigerian currency.

I been think say this wahala done stop since I wasn't hearing much concerning this matter anymore but yesterday, this news comes my feed and it got me worried because innocent people go also follow for this case. E no get how you go tell me say everybody that was involved is or was a crypto P2P trader. This one they also means say we self no safe again as we dey trade with this merchants them and as we dey advice make you no leave your crypto for exchange, e belike we go add no leave too much Naira for bank too oh because I no understand where this country they head to. Money no safe anywhere again, either you leave more of your funds in Bitcoin in a self constodial wallets and they sell to Naira anytime you need am because no where safe again.

Topic: EFCC, Court Freeze N548.6 Million Belonging to ByBit, KuCoin 9ja Crypto Users. - page 3. (Read 569 times)