News with the tag "binance nigeria"

Nigeria has filed a lawsuit against cryptocurrency exchange Binance, seeking $79.5 billion for alleged economic losses and $2 billion in unpaid taxes. The case, filed at the Federal High Court in Abuja, accuses Binance of tax evasion, foreign exchange violations, and contributing to the instability ...

The Nigeria Government has dropped all charges against Binance executive Tigran Gambaryan after controversies peaked over the case. The Nigerian authority has denied bail to Gambaryan despite requests from his lawyers citing his deteriorating health conditions. However, this latest development has c...

A group of 18 state attorneys general has called on President Joe Biden to intervene in the case of Binance Exec Tigran Gambaryan, a Binance executive detained in Nigeria since February 2024. The attorneys have asked Biden to apply the Robert Levinson Hostage Recovery and Hostage-Taking Accountabili...

In a recent update, the Nigeria Court dismissed the bail plea of Binance Executive Tigran Gambaryan on Friday, sparking market discussions. Notably, the executive has sought bail on his deteriorating health condition amid trials on allegations of money laundering and currency manipulation in the cou...

Crypto exchange Binance is urgently appealing to the US government and global organizations to exert political pressure on Nigeria to secure the release of one of its top executives, Tigran Gambaryan, who has been “unjustly detained” for the past six months. Binance Denounces Unjust Detention Accord...

Binance CEO Richard Teng has issued a powerful response to the Nigerian government’s allegations regarding the company’s operations in the country. The ongoing legal battle has seen Binance and two of its executives, Nadeem Arjarwalla and Tigran Gambaryan, face charges of money laundering and tax ev...

The Nigerian financial authorities recently announced their plan to overhaul the tax system to add crypto assets. The upcoming proposal, which aims to modernize the current policies and adapt to the evolving financial landscape, was praised by a Nigerian organization that called the efforts a “game-...

Binance executive has shared a concerning update on the deteriorating health condition of Tigran Gambaryan, who remains detained in Nigeria. Gambaryan, a former U.S. federal agent and current Binance employee, has been held in Kuje Prison since February 26, 2024, following his arrest by Nigeria auth...

A Nigerian court has ordered the freezing of nearly $40 million in crypto funds believed to have been used to support nationwide protests against the government. The ruling, amid heightened tensions over the rising cost of living in Africa’s most populous nation, has sparked concerns over the author...

In a dramatic escalation of its ongoing crypto crackdown, Nigeria’s government has moved to freeze $38 million worth of virtual assets held in digital wallets. This action marks the tightening of crypto regulation efforts amid the Binance lawsuit. The latest move is reportedly aimed at disrupting fi...