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Binance Executives Were Arrested In Nigeria For Allegedly Destabilizing Its Currency
Two top executives from the crypto exchange Binance have been arrested in Nigeria for allegedly destabilizing the national currency. Quartz reports: According to a Wall Street Journal report, Tigran Gambaryan, head of financial-crime compliance at Binance who previously worked at the U.S. Internal ...
As per reports, Nigerian government officials invited Binance executives to discuss an ongoing dispute about the world's largest crypto exchange allegedly driving down the value of their national currency. Later, they were instructed to pack their belongings and move to a guesthouse run by Nigeria's National Security Agency, as stated by their families, per reports. The report notes that Nigeria is experiencing its worst economic crisis in recent years due to inflation and the devaluation of their currency, the naira.
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