Cryptocurrency trading firm Official Gredo Limited has been found guilty in a Nigerian court of conducting illegal USDT-Naira trades without a banking license. The firm's director, Nnamdi Okereke, pleaded guilty to one count of money laundering. As part of a plea bargain with the Economic and Financial Crimes Commission (EFCC), Official Gredo and Okereke will have to pay N140 million ($85,000) in restitution and a N1 million ($610) fine. Several other crypto trading firms have also been indicted by the EFCC for similar crimes.



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