BINANCE Archives - The Glitters Online

FG Sues Binance For $81.5bn In Economic Losses, Back Taxes

Kazeem Tunde — Wed, 19 Feb 2025 19:16:24 +0000

FG Sues Binance For $81.5bn In Economic Losses, Back Taxes The Federal Government of Nigeria has filed a lawsuit seeking to compel cryptocurrency exchange Binance to pay $79.5 billion for economic losses it says were caused by its operations in the country and $2 billion in back taxes, according to court documents cited by […]

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Don’t Be Misled By Binance $150m Bribery Claims, Reps Tell Nigerians

Kazeem Tunde — Sat, 15 Feb 2025 18:58:05 +0000

Don’t Be Misled By Binance $150m Bribery Claims, Reps Tell Nigerians The House of Representatives has advised the public to be guided by verified information regarding the $150m bribery allegation against three of its members by cryptocurrency giant, Binance, before taking a position on the matter. Recall that Binance’s head of financial compliance, Tigran […]

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U.S. Evacuates Binance Executive, Gambaryan From Nigeria

Kazeem Tunde — Sat, 26 Oct 2024 12:26:21 +0000

U.S. Evacuates Binance Executive, Gambaryan From Nigeria The U.S. has deployed a plane outfitted with medical supplies to retrieve Tigran Gambaryan, an executive of Binance Holdings Limited, from Nigeria. According to The New York Times, Gambaryan left the country after the Federal Government dropped money laundering charges against him. On Wednesday, the FG withdrew […]

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Binance CEO Demands Release Of Employee Detained In Nigeria

Kazeem Tunde — Tue, 27 Aug 2024 18:35:42 +0000

Binance CEO Demands Release Of Employee Detained In Nigeria The Chief Executive Officer of the cryptocurrency trading platform Binance, Richard Teng, has called for the release of one of his employees, Tigran Gambaryan, who is currently standing trial in Nigeria. In February, two executives of the company, Tigran Gambaryan, and Anjarwalla, were arrested and […]

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Nigerian Binance Users Transact Business Using Fictitious Names – CBN Director

Kazeem Tunde — Fri, 05 Jul 2024 19:26:31 +0000

Nigerian Binance Users Transact Business Using Fictitious Names – CBN Director Mr Olubukola Akinwumi, a Deputy Director at the Central Bank of Nigeria (CBN), on Friday explained how Nigerians trading on Binance Holdings Limited’s platform use false names in the transactions. Olubukola, who is the Economic and Financial Crimes Commission (EFCC)’s 2nd prosecution witness […]

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Binance Didn’t Register With SEC – Witness

Kazeem Tunde — Tue, 02 Jul 2024 19:37:52 +0000

Binance Didn’t Register With SEC – Witness The cross examination of the First Prosecution Witness, PW1, Abdulkadir Abbas, in the ongoing trial of Binance Holdings Limited and its Executive Officer, Tigran Gambaryan, before Justice Emeka Nwite of the Federal High Court, continued on Tuesday, July 2, 2024. The Economic and Financial Crimes Commission, EFCC […]

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Binance Executive On Lawful Trial Has Access To Quality Medical Care – FG

Kazeem Tunde — Fri, 21 Jun 2024 18:46:06 +0000

Binance Executive On Lawful Trial Has Access To Quality Medical Care – FG It has become necessary for the Federal Government of Nigeria to address claims that Binance Executive, Tigran Gambaryan is being held in unsavory prison conditions in Nigeria, or that his health is deteriorating. We would like to state that these allegations are […]

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India Fines Binance $2.25m For Money Laundering

Kazeem Tunde — Thu, 20 Jun 2024 12:19:36 +0000

India Fines Binance $2.25m For Money Laundering India’s Financial Intelligence Unit has imposed a fine of $2.25m (188.2 million rupees) on Binance, the world’s largest cryptocurrency exchange, for operating in the country without registering with the agency, as required by law. The FIU made this disclosure in a statement on its website on Thursday. […]

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Alleged $34.4m Fraud: Binance Executive Ill-health Stalls Trial

Kazeem Tunde — Thu, 23 May 2024 18:14:22 +0000

Alleged $34.4m Fraud: Binance Executive Ill-health Stalls Trial The trial of Binance Holdings Limited and its Executive, Tigran Gambaryan before Justice Emeka Nwite of the Federal High Court, Abuja, could not continue on Thursday, May 23, 2024, due to the ill-health of Gambaryan, the second defendant. The Economic and Financial Crimes Commission, EFCC is […]

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Nigeria Sets Dangerous Precedent By Detaining Employee- Binance CEO

Kazeem Tunde — Tue, 07 May 2024 12:34:52 +0000

Nigeria Sets Dangerous Precedent By Detaining Employee- Binance CEO The Chief Executive Officer of Binance, Richard Teng, has described the detention of its employee, Tigran Gambaryan, by the Nigerian government as ‘unjust’ and that it was a “dangerous precedent” for international businesses. Teng also said that despite Binance’s repeated efforts at constructive engagement and cooperation […]

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