account freeze – DIGIT INFO

Nigerian Agency Gets Nod to Freeze $330,000 in Crypto Users’ Bank Accounts

DIGIT — Wed, 11 Sep 2024 22:46:10 +0000

A Nigerian anti-corruption agency froze bank accounts (over $330,000) belonging to suspected cryptocurrency users on global platforms like Kucoin and Bybit. The agency believes these users manipulated the Nigerian currency (naira) through their trading activity. The exchanges are also accused of failing to adhere to anti-money laundering and terrorist financing regulations. Bank Account Holders Accused […]

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Bankruptcy Court Backs Bittrex in Cryptocurrency Freeze Dispute

DIGIT — Sat, 01 Jun 2024 22:14:05 +0000

The bankruptcy proceedings of Bittrex Inc. involved a legal dispute over claims filed by Azim Ghader, who sought recovery for lost profits and damages after his cryptocurrency was frozen on the Bittrex exchange in 2017. The United States Bankruptcy Court for the District of Delaware found that Bittrex had complied with legal requirements and upheld […]

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Nigeria Fintech Flutterwave Denies Client Account Hacking Reports

DIGIT — Mon, 06 Mar 2023 12:30:53 +0000

The Nigerian fintech Flutterwave has rejected reports suggesting that hackers have stolen as much as $6.3 million from user accounts. The fintech firm said a routine check of its transaction monitoring system helped to uncover “an unusual trend of transactions on some users’ profiles.” Motion to Freeze The Nigerian fintech unicorn, Flutterwave, has said reports […]

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China Frozen Bank Account Controversy: Affected Clients Injured During Protests, Nearly $6 Billion Missing

DIGIT — Mon, 11 Jul 2022 18:30:49 +0000

Some Chinese bank clients, whose accounts were frozen in April, were injured while staging a protest at the Zhengzhou branch offices of the country’s central bank. Reports from local media outlets suggest that as much as $6 billion in client funds is missing and the individual believed to be behind the disappearance is now outside […]

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Report: Nigerian Fintech Giant Flutterwave Accused of Laundering Money, More Than 50 Bank Accounts Frozen

DIGIT — Fri, 08 Jul 2022 11:30:38 +0000

A Kenyan agency charged with tracing and freezing proceeds of crime said it recently obtained an order giving it the authority to freeze bank accounts belonging to Nigerian fintech Flutterwave. The agency alleges that Flutterwave is not providing merchant services as per claims, but is instead involved in money laundering activities. Deliberate Attempt to Obscure […]

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Nigerian Users Tell Binance ‘Stop Scamming’ — Exchange Platform Rejects Accusation

DIGIT — Sat, 29 Jan 2022 06:30:58 +0000

Some disgruntled Nigerian users of the cryptocurrency exchange Binance have launched a campaign to boycott the platform, which they accuse of freezing client accounts without valid reason. Accounts Blocked Cryptocurrency exchange platform Binance recently became the target of a boycott campaign initiated by disgruntled users in Nigeria. Using the hashtag #Binancestopscamming, the campaigners are urging […]

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A Forex Broker Transfers 1,200 BTC Belonging to the Mirror Trading International to a South African Liquidator

DIGIT — Thu, 01 Apr 2021 06:30:12 +0000

Fresh reports from South Africa suggest that a total of 1,200 bitcoins belonging to the now-defunct Mirror Trading International (MTI) were recently transferred from FX Choice to an appointed liquidator. The reports add the transfer had been sanctioned by the Financial Sector Conduct Authority (FSCA), the country’s financial industry regulator. Confirmation of the Transfer According […]

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Centre Obliges Government Request, Freezes Address With $100,000 USDC

DIGIT — Thu, 09 Jul 2020 14:55:00 +0000

Centre Consortium has blacklisted an ethereum address holding $100,000 in USDC, a move that the entity says was “in response to a request from law enforcement.” A joint venture between Circle and Coinbase, Centre is the issuer of the dollar-pegged USDC stablecoin, which runs on the Ethereum blockchain. It may be the first time that […]

The post Centre Obliges Government Request, Freezes Address With $100,000 USDC appeared first on Bitcoin News.

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EOS Constitution Violated

DIGIT — Sat, 23 Jun 2018 15:00:53 +0000

Seemingly every single day, there is some new drama related to the recently-launched EOS blockchain. The record-setting US$4 billion ICO has made its way into the limelight once more with a recent move by blockchain producers (BPs) to freeze seven user accounts. The EOS blockchain is perhaps the most confusing entanglement of roles and rules […]

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