Binance
Nigeria Sues Binance For $81.5bn In Damages, Unpaid Taxes
The Nigerian government has pressed fresh charges against global cryptocurrency exchange, Binance, demanding $81.5billion in damages and unpaid taxes. According to the lawsuit, Binance’s activities in Nigeria caused significant economic harm to the country. According to court documents, the government was seeking $79.5 billion for alleged economic losses and $2 billion in unpaid taxes, covering […]
FG Kicks as Binance Executive Accuses Ribadu of Demanding bribe to fund political ambition
Tigran Gambaryan, an executive of Binance Holdings Limited, has alleged that Nuhu Ribadu, national security adviser (NSA), demanded huge sums in bribe money to settle the dispute between the cryptocurrency firm and the federal government. In a post published on Friday, Gambaryan alleged that Ribadu said “he wanted billions in payouts to fund his future […]
Binance executive, Gambaryan, appears in court on wheelchair
The detained Binance Holdings Limited’s executive, Tigran Gambaryan, was on Tuesday, whisked into Federal High Court in Abuja in a wheelchair. Gambaryan, who was dressed in a black T-shirt with blue jeans trousers, is facing a money laundering charge alongside the cryptocurrency firm. When the matter was called, Gambaryan stood up from the wheelchair and […]
U.S lawmakers seek release of Binance chief
The United States lawmakers French Hill and Chrissy Houlahan have called for the release of Binance executive Tigran Gambaryan, who is currently detained in Nigeria on charges of tax evasion and other financial crimes. The lawmakers’ appeal followed a Wednesday’s visit to Gambaryan at Kuje prison, where they were alarmed by his deteriorating health and […]
FG drops tax charges against Binance executives
In a significant development, the Federal High Court in Abuja has dropped tax evasion charges against Tigran Gambaryan, a 39-year-old American, and his colleague Nadeem Anjarwalla, clearing the way for Gambaryan’s release from detention. The charges were filed by the Federal Inland Revenue Service (FIRS) on March 22, 2024, but the court’s decision follows an […]
Binance founder Changpeng Zhao has been sentenced to 4 months in prison
Changpeng Zhao, the billionaire founder of the prominent cryptocurrency exchange Binance, received a four-month prison sentence on Tuesday, April 30, 2024, following his guilty plea to money laundering violations last year. This term, significantly shorter than the three years demanded by prosecutors, came after a dramatic legal battle. Prosecutors had sought a lengthier sentence, while […]
Court Remands Binance Executive In Correctional Facility
The federal high court sitting in Abuja has ruled that Tigran Gambaryan, the second defendant in the ongoing arraignment of Binance Holdings Limited and its two top officials; on allegations of Money Laundering by the Economic and Financial Crimes Commission, be arraigned and be served the charge on behalf of the company, being a certified […]
EFCC arraigns Binance chiefs Thursday, gets arrest warrant
EFCC to Prosecute Binance and Executives Over Alleged Money Laundering The Economic and Financial Crimes Commission (EFCC) is set to arraign Binance Holdings Limited and two of its senior executives, Tigran Gambaryan and Nadeem Anjarwalla, for their alleged involvement in a $35,400,000 money laundering case. Despite Anjarwalla’s recent escape from custody and fleeing Nigeria, the […]
Binance Quits Nigeria, To Stop Naira Services March 8
Binance, a cryptocurrency trading platform, has said that it will discontinue all Naira services by March 8, 2024. This is coming on the heels of the recent clampdown on its operations and officials by Nigerian regulators. Recall that the special adviser on Information & Strategy to President Bola Tinubu, Mr Bayo Onanuga, had urged the […]