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

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 Commi...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

‘Pump-and-Dump’ Alert: Nigeria Cracks Down on Meme Coins
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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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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