Crypto’s dark side: How P2P traders navigate daily scams, fraud, and frozen accounts
P2P trading emerged as a crucial alternative for Nigeria's crypto market after government restrictions on bank transactions in 2021. Scammers are exploiting the anonymity of cryptocurrency to launder stolen funds, turning P2P platforms into battlegrounds for traders.
Crypto firms refund ₦160 million to FG after indictment for unlicensed USDT-Naira trading
Federal Government recovers ₦160 million from Paparaxy Global Ventures Limited and Lemskin Technologies Limited. Companies charged for conducting financial services without proper licensing.
