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BINANCE NIGERIA
The attorneys argued that Zhao should pay $50 million in addition to spending 36 months in prison.
Binance executives Tigran Gambaryan and Nadeem Anjarwalla are still being detained in a government property in Abuja despite Binance announcing its exit from Nigeria last week.
Binance, a widely used crypt exchange with over 170 million users worldwide disabled its peer-to-peer feature for Nigerian users.
The federal government reportedly detained two top executives of the popular cryptocurrency trading platform, Binance, on Wednesday over alleged manipulations in foreign exchange trading and speculative activities.
As of 8 am on Wednesday, the dollar traded for as high as N1,415/$1 from as low as N1606/$1 within 24 hours.
Nigeria's Central Bank Governor, Olayemi Cardoso has stated that about $26 billion has passed through Binance Nigeria.