Binance CEO Vows Collaboration With Nigerian Authorities

Binance Executives Detained in Nigeria Amid $35 Million Laundering Allegations

In a significant development that has sent ripples through the cryptocurrency world, Binance’s CEO, Richard Teng, has confirmed the exchange's collaborative efforts with Nigerian authorities. This comes after the detention of its head of financial crime compliance, Tigran Gambaryan, who, alongside another official from Binance, is accused of laundering over $35 million. A Reuters report highlighted that the Nigerian court has postponed the case until May 2, according to the country's anti-corruption watchdog, the Economic and Financial Crimes Commission (EFCC).