Paxful Incorporated accused of defrauding Nigerian users millions of dollars

The cryptocurrency company Paxful Incorporated is accused of fraudulating millions of dollars earned by thousands of Nigerians online through digital currency transactions. The Estonian-based company is said to have suspended its Nigerian user accounts and denied them access to millions of dollars in their online wallet. The company denied allegedly arbitrarily closing accounts and wallets and claimed that only accounts that violated the service rules were deactivated.