Recently, the Economic and Financial Crimes Commission (EFCC) of Nigeria received approval from the court to freeze bank accounts with over $330,000 (54.86 million Naira) in suspicious funds. These funds were found associated with user accounts that engaged in activities on global cryptocurrency trading platforms such as KuCoin. The EFCC's action is based on allegations that the accounts may contribute to currency devaluation and have been involved in malicious cryptocurrency transactions and market price manipulation. This freeze targets bank account holders linked to these illegal activities, aiming to combat unlawful activities involving cryptocurrencies and protect the stability and security of the country's financial system.