Friday June 20, 2025

‘Pump-and-Dump’ Alert: Nigeria Cracks Down on Meme Coins

‘Pump-and-Dump’ Alert: Nigeria Cracks Down on Meme Coins

by Terence Zimwara June 19, 2025 1 min read

(Originally posted on : Bitcoin News )

The Nigerian securities regulator has issued a warning against Zugacoin and Samzuga GPT, labeling them as unauthorized crypto operations. Memecoins Tied to Pump-and-Dump Schemes The Nigerian Securities and Exchange Commission (SEC) has issued a public warning, labeling Zugacoin and Samzuga GPT as unauthorized crypto operations. The commission stated that the promoters and issuers of these […]

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