Binance CEO Richard Teng says the Nigerian government has set a dangerous precedent after inviting company executives to meetings before detaining them.
New details have emerged that suggest Nigerian officials tried to coerce Binance representatives into a secret settlement paid in cryptocurrency during meetings in early 2024.of Tigran Gambaryan's ongoing detention on April 7. Gambaryan is a former IRS agent who headed up Binance’s financial crime compliance team.
The committee is reported to have highlighted issues related to Binance’s operations in Nigeria and outlined the lengths to which they were prepared to summon Binance, including issuing arrest warrants against the exchange’s team and CEO and preventing its delegation from leaving the country. “Counsel reported back that he had been presented with a demand for a significant payment in cryptocurrency to be paid in secret within 48 hours to make these issues go away and that our decision was expected by the morning.”
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