Binance CEO says Nigerian officials pushed for secret agreement
Key Takeaways
- Binance CEO Richard Teng revealed that a Nigerian official offered a secret cryptocurrency payment to a cryptocurrency exchange to settle the allegations.
- Binance rejected the offer, opting for transparency.
- Former IRS agent Tigran Gambaryan has been detained in Nigeria, prompting Binance to suspend its services and demand his release.
Binance CEO Richard Teng said: Nigerian officials attempt to orchestrate secret cryptocurrency payments During negotiations with the cryptocurrency exchange early this year,
The disclosure came in a blog post in which Teng explained: background of detention of Tigran Gambaryan; Former US IRS agent and Head of Binance’s Financial Crimes Compliance Team. We demand his release.
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The Binance-Nigeria controversy has spread to cryptocurrency exchanges. Collaborated with Nigerian regulators and law enforcement to ensure operational compliance.
In this discussion, the House of Representatives Financial Crimes Committee (HCFC) Reportedly threatened to arrest Binance executives and restrict travel Unless you attend a public inquiry hearing scheduled for January 10th.
However, prior to this hearing, HCFC representatives Binance offers secret cryptocurrency payments The charges must be resolved quietly within 48 hours. Binance rejected the offer, Instead, they decided to negotiate openly.
The lawyer replied that we had been asked to secretly pay a significant sum in cryptocurrency within 48 hours to resolve these issues and that our decision was expected by morning. Our team became increasingly concerned about our safety in Nigeria and left immediately.
Another meeting was subsequently scheduled for February 26. Gambaryan and Nadeem Anjarwalla, Head of Binance Africa, agreed to attend. He was repeatedly assured that “safe passage will be permitted.”
But this confidence ultimately turned out to be untrue. Both officers were detained. But Anjarwala Although he escaped this illegal detention, he was found in Kenya and is likely to be extradited to Nigeria to face legal challenges.
Meanwhile, Gambarian Transferred to Guje Prison He is charged with money laundering.
Teng was highly critical of such actions by the government and emphasized: Gambarian’s role at the meeting was simply to offer his expertise as a financial crime expert. than making important decisions or negotiating. He added:
The message from the Nigerian government is clear. Controlling Binance means detaining innocent mid-level employees and former U.S. federal agents and putting them in dangerous prisons.
In response to these incidents, Binance has taken steps to protect its employees and operations. Discontinuation of certain services in Nigeria.
This ongoing standoff highlights the complex dynamics between global financial institutions like Binance and national regulators.
With a master’s degree in Economics, Politics, and Culture in East Asia, Aaron wrote a scientific thesis analyzing the differences between Western capitalism and collective capitalism after World War II.
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