Security

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/nigerian-authorities-detain-top-binance-executives-over-financial-dispute" rel="noopener noreferrer nofollow">Nigerian Authorities Detain Top Binance Executives Over Financial Dispute</a><br></p>
<p style="text-align: justify">Two of <a href="https://en.bitcoinhaber.net/binance-founder-agrees-to-money-laundering-charges-and-pays-50-million-fine" rel="noopener noreferrer nofollow">Binance</a>‘s top-level executives, Tigran Gambaryan and Nadeem Anjarwalla, faced detention by Nigerian officials during a recent visit to Abuja. The purpose of their visit on February 25th was to engage in discussions with the Nigerian government concerning a contentious matter involving the global <a href="https://en.bitcoinhaber.net/chinas-crypto-resilience-defying-regulations-and-embracing-bitcoin" rel="noopener noreferrer nofollow">cryptocurrency</a> exchange.</p>
<h2 id="international-executives-in-custody">International Executives in Custody</h2>
<p style="text-align: justify">Upon concluding a meeting with Nigerian officials, Gambaryan, Binance’s head of compliance and a U.S. citizen, together with Anjarwalla, the exchange’s director for Africa who holds Kenyan and UK citizenship, were taken into custody. They were held at a facility linked to the Nigerian National Security Agency, which caused concern among their relatives.</p>
<p style="text-align: justify">The recent revelation of their identities sheds light on the plight of the executives, highlighting Gambaryan’s background as a former IRS Cyber Crimes Unit specialist and Anjarwalla’s high-ranking position within Binance. Both have since received consular visits from the U.S. and UK, under the watchful eye of Nigerian authorities.</p>
<h2 id="binance-faces-severe-allegations">Binance Faces Severe Allegations</h2>
<p style="text-align: justify">The crux of the matter stems from accusations by the Nigerian government that Binance had been party to the processing and laundering of about $26 billion in funds that could not be accounted for. They reportedly faced a demand from the Nigerian government for a staggering $10 billion fine for these alleged activities.</p>
<p style="text-align: justify">Following the detention incident, a Binance representative confirmed the situation and stated that the organization is actively engaged with Nigerian officials to facilitate a safe return for Gambaryan and Anjarwalla. The spokesperson extolled the virtues of the executives and reaffirmed Binance’s commitment to support them, expressing optimism for a speedy resolution.</p>
<p style="text-align: justify">This incident underscores the ongoing regulatory hurdles and potential legal entanglements that cryptocurrency entities like Binance may encounter in different jurisdictions worldwide.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/nigerian-authorities-detain-top-binance-executives-over-financial-dispute" rel="noopener noreferrer nofollow">Nigerian Authorities Detain Top Binance Executives Over Financial Dispute</a></h5>

Nigerian Authorities Detain Top Binance Executives Over Financial Dispute

목차

BH NEWS

2024년 3월 12일에 게재된 다른 기사

VanEck’s Masterstroke: A Fee-Free Bitcoin ETF to Shake Up the Market

Pepe Coin Listed on Heavily Regulated Canadian Exchange Amid Volatile Price Action: Analyst Expec...

Mastercard Pushes Forward with On-Chain Payments and Expands Crypto Integration

Grayscale outflows continue as Bitcoin Trust sees $494 million withdrawal

New Frontier Presents Unveils Pioneering VR Education Initiative with the "Trolley Problem" Virtu...

Why is Avalanche (AVAX) Price Up?

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!