The Economic and Financial Crimes Commission of Nigeria (EFCC) has obtained court approval to freeze suspicious funds in excess of US $330,000 (S $548.60 million) deposited into the bank accounts of cryptocurrency users, the Bitcoin.com reported. The affected bank accounts are owned by cryptocurrency users trading on global platforms such as KuCoin. The EFCC believes the frozen funds are suspected of being used in malicious cryptocurrency transactions to manipulate prices.