Nigerian police have stepped up their crackdown on cryptocurrency-related crime, arresting local crypto celebrity Linus Williams, known as BLord. The arrest was confirmed by the force’s public relations officer, Olumuyiwa Adejobi, in a statement released on July 17.
Nigerian police said BLord faces charges of internet fraud, cryptocurrency fraud, terrorist financing, and violations of the Central Bank of Nigeria (CBN) Act. The charges are against Williams and his associated companies: Blord Group, Blord Real Estate Ltd, Blord Jetpaye Limited, and Billpoint Technology. (Cointelegraph)