May 08, 2024 17:00:00Cryptocurrency exchange Binance's compliance chief was asked to pay about $150 million in bribes by government officials before his arrest in NigeriaTigran Gambaryan, head of compliance at major cryptocurrency exchange Binance, was suddenly arrested by Nigerian authorities while visiting Nigeria in February 2024. In response, CEO Teng said, 'Through our lawyers, we have rejected this demand for payment. That's why Mr. Gambaryan and Mr. Anjarwala visited Nigeria on February 26, 2024. Gambaryan is currently in very constructive discussions with our team and we can assure you that Mr. Gambaryan is actively participating in these discussions.' 'We will continue to do all we can to free Mr. Gambaryan and our belief remains unwavering,' Teng said.

Source: New York Times May 08, 2024 11:32 UTC