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

Binance Coin (BNB) Aims for $100 Billion Market Cap in Q3, Uniswap (UNI) Price Fluctuations, Rollblock (RBLK) Speedy Presale Success

Latest Updates on Binance Coin, Uniswap, and Rollblock: Market Analysis and Opportunities The cryptocurrency market is buzzing with excitement as Binance Coin (BNB) makes a...

Istanbul Blockchain Week 2024: Turkey Shines as a Leader in Web3 Adoption

Istanbul Blockchain Week 2024: The Largest Web3 Event in Turkey Istanbul Blockchain Week Set to Return in August 2024, Promising to Be the Largest Web3...

Bitcoin price may reach $63,000 as $3.9 billion futures contracts expire

Bitcoin and Ether Prices React to Options Expiry and ETF News The Bitcoin price could fall to the $63,000 mark on July 26 due to...

Kamala Harris Expected to Reveal Bitcoin Position Soon, Industry Experts Point to Her Husband’s Interest in Crypto

Rumor of Kamala Harris Speaking at Bitcoin Conference Sparks Speculation in Crypto World Title: Kamala Harris Considers Addressing Bitcoin Conference, Crypto Industry Awaits Policy Shift A...

Most Popular