HomeBinanceBinance CEO alleges Nigerian officials suggested confidential cryptocurrency settlement

Binance CEO alleges Nigerian officials suggested confidential cryptocurrency settlement

-


Nigerian Officials Allegedly Coerce Binance into Secret Crypto Settlement: New Details Emerge

The recent events surrounding Nigerian officials and cryptocurrency exchange Binance have taken a dramatic turn, with new details emerging of coercion and secret settlements. Binance CEO Richard Teng has spoken out against the Nigerian government’s actions, calling it a dangerous precedent for companies worldwide.

The situation began when former IRS agent Tigran Gambaryan, who headed Binance’s financial crime compliance team, was detained in Nigeria. Binance employees engaged in discussions with Nigerian authorities during public investigative hearings, but the situation escalated when officials demanded actions from Binance, leading to the detention of Gambaryan and another employee.

The Nigerian government allegedly demanded the delisting of the naira from Binance’s platform and detailed user information, resulting in the employees being held against their will. Binance has responded by shutting down certain services in Nigeria in an effort to resolve the situation and secure Gambaryan’s release.

The exchange also revealed that unknown persons approached its employees with a secret settlement proposal involving a significant payment in cryptocurrency. Binance declined the demand and continued its engagement in settlement negotiations with Nigerian authorities.

The story continues to unfold as Binance faces challenges in Nigeria, highlighting the complexities of operating in the cryptocurrency space amidst regulatory scrutiny and government pressure. Stay tuned for more updates on this developing story.

LATEST POSTS

DHT’s Ambitious Project: Creating a Comprehensive Blockchain Solution for Crypto Enthusiasts

Revolutionizing the Digital Sphere: Introducing DHT SPACE's AGOLD Ecosystem Digital Hi Tech - DHT SPACE Launches AGOLD Ecosystem: Revolutionizing Blockchain Technology In a bold move to...

Nigerian Central Bank Official Testifies in Money Laundering Trial, Alleging Binance Operated Illegally – DL News

Nigerian Prosecutors Charge Binance with Money Laundering: Central Bank Testifies Binance Operated Unlawfully Nigerian Prosecutors Allege Binance Operated Unlawfully, Witness Testifies Central Bank Did Not...

Bitcoin’s Price Drops Below $56,000 – Experts Predict Further Decline in Crypto Market.

Cryptocurrency Market Reacts to Mt. Gox Refund Announcement The cryptocurrency market took a hit early Friday as Bitcoin and other digital assets plummeted in value...

Bitcoin Price Plunge to $53K Sends Fear & Greed Index to Lowest Level Since Early 2023

Crypto Investor Sentiment Plummets as Bitcoin's Dive Triggers Fear in Market Crypto investor sentiment hit rock bottom as bitcoin's price plummeted below $54,000, dragging down...

Most Popular