Tag: Sulaiman Boljai Ayoola

MALTA FREEZES & CONFISCATES BINANCE ACCOUNT IN LANDMARK NON-CONVICTION CASE

A Maltese court has ordered the outright confiscation of a Binance crypto-wallet linked to a Nigerian IP after investigators tied it to an online investment scam. The €8.8k seizure is the island’s first high-profile use of its 2021 Proceeds of Crime Act to freeze virtual assets without a criminal conviction—an approach that previews coming EU-wide standards.