- Binance CEO Richard Teng reveals a $150 million bribe sought by Nigerian government officials to settle tax evasion and money laundering charges against Binance executives Tigran Gambaryan and Nadeem Anjarwalla.
- The allegations come amidst Nigeria’s accusations against Binance and Gambaryan for tax evasion and money laundering, following the collapse of the country’s currency, Naira.
- Binance maintains the allegations are meritless and illegal, and continues to advocate for Gambaryan’s release.
Uncover the latest developments in the ongoing saga between Binance and the Nigerian government, as CEO Richard Teng reveals a shocking $150 million bribe. Get the full story, including the charges against Binance and its executives, and the impact on Nigeria’s economy.
Binance CEO Reveals $150 Million Bribe
Richard Teng, CEO of Binance Holdings, has disclosed that Nigerian government officials asked for a $150 million bribe to resolve the legal proceedings against Binance executives Tigran Gambaryan and Nadeem Anjarwalla. The payment was to be made secretly in crypto within an account on Binance’s exchange. The executives have denied making any such payments.
Nigeria’s Allegations Against Binance and Gambaryan
Nigeria has charged both Binance and compliance officer Tigran Gambaryan with tax evasion and money laundering. These charges were brought following the collapse of Nigeria’s currency, Naira, for which Nigerian officials have blamed crypto, particularly Binance. Gambaryan and fellow executive Nadeem Anjarwalla were arrested in February, marking the latest trouble for Binance. Anjarwalla has since escaped from custody and is believed to have fled to Kenya.
Binance’s Response to the Allegations
Binance has insisted that the allegations are meritless and illegal. The company has tried to engage with Nigerian authorities, including a meeting on January 8, where the criminal allegations were brought against its executives. Binance continues to advocate for Gambaryan’s release, emphasizing justice and corporate integrity. Gambaryan’s trial has been postponed to May 17.
Conclusion
This latest revelation from Binance’s CEO adds a new dimension to the ongoing conflict between Binance and the Nigerian government. As the world’s largest crypto exchange, Binance’s actions and the allegations against it have significant implications for the crypto industry and Nigeria’s economy. As the situation continues to unfold, all eyes will be on the upcoming trial and the potential impact on Binance and the wider crypto market.
