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Binance calls for release of detained executive, open to settlement with FIRS
Binance cautioned Nigerian authorities against setting a bad precedent after its executives were invited to the country and then detained as part of a crackdown on P2P trading in Africa’s largest crypto market.
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Chief Executive Officer Richard Teng declared in a statement that it was time to voice opposition to the imprisonment of a U.S. citizen and head of financial crime compliance at Binance, Tigran Gambaryan.
Binance, the world’s largest crypto exchange with over 190 million users, and two of its executives are being tried separately for money laundering and tax evasion, a move the crypto exchange is contesting.
