Nigeria’s $37 million USDT freeze connected to MEXC and KuCoin hot wallets
Summary
The Nigerian government froze four crypto wallets holding over $37 million in Tether’s USDT stablecoin, alleging money laundering and terrorism financing. The wallets belonged to individuals under investigation, possibly linked to the recent #EndBadGovernance protest. Analysis showed the wallets were associated with exchanges like Binance, KuCoin, and OKX. The exchanges have not responded to requests for comment.
