Nigeria demanded $150M bribe from Binance: report
The New York Times reported on the alleged bribe, with Binance CEO Richard Teng finally breaking his silence last week and accusing Nigeria of double standards and deception.
The New York Times reported on the alleged bribe, with Binance CEO Richard Teng finally breaking his silence last week and accusing Nigeria of double standards and deception.
Binance can't run away from its criminal past despite pouring billions to rehabilitate its image, with a recent WSJ report unraveling evidence of market manipulation at the hands of a Web3 investor.
If Tether collapses, majority of global liquidity will go with it, and so will a sizable chunk of value held in equity around the blockchain economy.
Last November, CZ and Binance reached a $4.3 billion settlement with the DoJ based on the exchange’s blatant violations of U.S. law that enabled money laundering, sanctions evasion and terrorist financing to a degree unmatched by other digital asset exchanges.
The U.S. Department of Justice has filed a sentencing memorandum with the U.S. District Court for the Western District of Washington ahead of Changpeng Zhao’s sentencing by Judge Richard Jones on April 30.
After news outlets reported on the directive supposedly issued to multiple banks, the Central Bank of Nigeria denied it amid a nationwide digital currency crackdown.
Legal hurdles continue to hound Binance after being hit with a class action lawsuit in Canada for allegedly breaching securities laws, while its app in the Philippines looks to be taken down.
Nigerian authorities have confirmed that Nadeem Anjarwalla, who escaped detention, is in Nairobi, but the East African nation says extradition will drag on.
Tigran Gambaryan was detained and charged alongside Binance over alleged tax evasion and currency manipulation charges; he’s now being held in an underground cell in Abuja.
Nigeria crackdown on Binance continues with the arrest of two top officials and shutdown of the exchange following allegations of human rights violations.
Sam Bankman-Fried has been sentenced to 25 years in prison for the criminal fraud that led to the downfall of his FTX exchange and the theft of billions of dollars from his former customers.
The U.S. Court of Appeals for the Second Circuit reversed a lower court's dismissal of a class action suit against Binance, its founder CZ and co-founders Yi He and Roger Wang in April 2020.