Nigerian police arrest crypto billionaire Linus Williams

Nigerian police have confirmed the arrest of self-proclaimed cryptocurrency billionaire Linus Williams, also known as Blord. Williams faces charges related to cyber fraud, terrorist financing and breaches of the Central Bank of Nigeria (CBN) Act.
A police spokesperson said some of Williams' charges involved fraudulent activities using cryptocurrencies. Specifically, he ran a trading platform that used naira to buy stablecoins USDT and bitcoin, which violated the country's laws.