The world’s largest crypto exchange Binance on Tuesday said it was asked for $150 million in bribes by Nigerian government officials to get away with the legal proceedings on Binance executives Tigran Gambaryan and Nadeem Anjarwalla.
Binance was asked to make the secret payment in crypto within an account on its crypto exchange. The executives have denied making payments to officials.
Binance Asked to Pay $150 Million to Resolve Issues
Richard Teng, CEO of Binance Holdings, on May 7 said President Bola Ahmed Tinubu administration has approached Binance employees seeking to extract large amount of money to settle the tax evasion and money laundering charges.
Binance tried to engage with Nigerian authorities, including a Jan. 8 meeting, where the criminal allegations were brought on executives.
“As our employees were leaving the venue, they were approached by unknown persons who suggested to them to make a payment in settlement of the allegations. Binance lawyer was presented with a
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