According to Bitcoin.com, the Economic and Financial Crimes Commission (EFCC) of Nigeria has obtained court approval to freeze over $330000 (SGD 548.6 million) of suspicious funds deposited into cryptocurrency users' bank accounts. The institution believes that these bank accounts have led to the continuous depreciation of the local currency. The affected bank accounts are owned by cryptocurrency users trading on global platforms such as KuCoin. EFCC believes that these frozen funds are suspected of being used for malicious cryptocurrency trading to manipulate prices. @dru1dd