Binance: Relatives of top executives detained in Nigeria speak

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The ordeal of Binance officials in Nigeria is coming months after the crypto exchange platform pleaded guilty and agreed to pay $4.3 billion to settle money laundering charges in the US.

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This newspaper reported how the Nigerian government detained the two executives of the crypto exchange platform amid desperate efforts to stabilise the nation’s foreign exchange market. Sources also told PREMIUM TIMES that the two executives insisted that they should be taken to their respective countries’ embassies before they could comply with the demands of the Nigerian authorities.

Yuki Gambaryan, the wife of Mr Gambaryan, said she speaks with her husband over text message a few times a day when he is allowed. Since its first official confirmation of the clampdown efforts on the activities of Binance and other crypto platforms, the Office of the National Security Adviser has not spoken about the investigations.

The ordeal of Binance officials in Nigeria is coming months after the crypto exchange platform pleaded guilty and agreed to pay $4.3 billion to settle criminal money laundering charges levied by the US Department of Justice.

 

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