Binance execs detained in Nigeria still being questioned over illicit fund flows
Binance says it’s working with Nigerian authorities to bring home two of its execs who were detained against their will in the country two weeks ago. Inflation is running hot in Africa’s most populous country and when it banned several crypto exchanges in February as inflation hit a worrying 30%, Tigran Gambaryan and Nadeem Anjarwalla thought it would be a good idea to fly into Nigeria and deal with the situation. However, as reported by The Financial Times, upon landing, government officials seized their passports and escorted them into detention. Binance quickly responded by halting naira-denominated trading pairs for bitcoin and USDT. Still, two weeks later, the government has not released the two men . The central bank governor subsequently appeared on TV to blame crypto exchanges, including Binance by name, for facilitating flows of criminal funds. Wired reached out to the two men’s families for comment and was told that the government has not yet filed any criminal c...
