The Feminist Coalition has rejected allegations it moved $51,000 worth of bitcoin to an unknown destination.
The group on Friday March 12, released a statement explaining that the transferred bitcoin was part of a transaction initiated on November 16, 2020.
It added that the delay in confirming the transaction was due to the meagre bitcoin network fees chosen.
Nigerians on twitter are outraged over the alleged withdrawal of $51,000 worth of bitcoin from the #EndSARS donation account by the Feminist Coalition.
Recall that The Feminist Coalition is one of the support groups during protests against police brutality and call for disbanding SARS, a dreaded police unit.
During the #EndSARS protests in 2020, the coalition had asked supporters to make donations via bitcoin, after government authorities reportedly blocked its account.
As the demonstrations ended across the country, the group had put a stop to donations, and also announced a breakdown of how the remaining funds — about N87 million — would be disbursed.
On Friday, a Twitter user, @Rx_Deyholar, had taken to his handle to allege that the Coalition had “silently” moved $51,000 worth of bitcoin to a newly generated account with just one transaction history
The Coalition also gave a breakdown of its expenses from the donation made during the #EndSARS protest.