Nigerian crypto buyers utilizing peer-to-peer (P2P) providers have expressed considerations in regards to the Central Financial institution of Nigeria (CBN) flagging their financial institution accounts. CBN’s resolution to flag the accounts is believed to be linked to the practically $6.3 million (N2.9 billion) Flutterwave hack, because the financial institution accounts have but to be confirmed affiliations with the hack.

Based on native information sourcesOn February 19, 2023, Albert Onimole, authorized adviser to Flutterwave, a Nigerian fintech firm, allegedly reported to the Deputy Commissioner of Police, Yaba, Lagos, an almost $6.5 million (N3 billion naira) case ) that had been illegally transferred to his consumer’s accounts.

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