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BINANCE
A detained Binance executive, Tigran Gambaryan, slumped before the Federal High Court Abuja during a foreign exchange contravention and money laundering trial instituted against him by the Economic and Financial Crimes Commission (EFCC).
FIRS has blamed Nigeria Correctional Service for failing to produce Binance executive, Tigran Gambaryan for tax evasion arraignment.
The Security and Exchange Commission (SEC) director, Abdulkadir Abbas, told the Federal High Court, Abuja, that the cryptocurrency exchange platform, Binance Limited, used its Naira peer-to-peer(P2P) virtual feature to devalue the Nigerian currency.
The naira to USD exchange rate has surged past N1,500, marking an unprecedented low for Nigeria's currency.
The Federal High Court, Abuja, on Friday, dismissed the bail application of a detained Binance executive, Tigran Gambaryan, following the Federal Government’s opposition.
Risk consultancy firm, SBM Intelligence, has said that allegations of bribery request levelled against Nigerian government officials by the CEO of Binance, Richard Teng, could hinder the country’s foreign investment drives.
The embattled senior executive of cryptocurrency exchange Binance, Tigran Gambaryan, has appealed for assistance from the government of the United States of America in a viral video recorded in detention.
Canada’s anti-money laundering agency announced that it had imposed a fine of nearly C$6 million ($4.38 million) on cryptocurrency exchange Binance for violating money laundering and terrorist financing laws.
The EFCC has filed a lawsuit against SSL Industry Company Limited and two Chinese directors for alleged N1.2 billion tax evasion.
Nigerian Crypto Stakeholders Demand Binance Reveal Identity of Bribe Agent to substantiate their claims
The federal government has denied the $150 million bribery allegations made by the Chief Executive Officer (CEO) of global cryptocurrency trading platform Binance Holdings Ltd, Richard Teng.
The Chief Executive Officer (CEO) of Binance, the world’s largest cryptocurrency trading platform, Richard Teng, has claimed that some unknown persons sought a bribe of cryptocurrency from its executives, Tigran Gambaryan and Nadeem Anjarwalla before their detention on February 28, 2024.