- Nigerian officials have arrested two leaders from Binance, Gambaryan and Anjarwalla.
- The leaders were kept in a government guesthouse in Abuja and were watched when U.S officials visited them, following a meeting with Nigerian officials and United Kingdom Government workers
- Binance is working with Nigerian officials to bring back their executives safely and are waiting for more answers from the Nigerian government.
Two top executives at Binance, a cryptocurrency exchange, have been held by Nigerian authorities for two weeks. Nigeria has detained some people from Binance because they say the company owes them $10 billion. This was reported by The Wall Street Journal and Wired.
Detention during an argument
Gambaryan is in charge of making sure Binance follows the rules about money laundering and other financial crimes in the U. S Anjarwalla is the manager for Africa at the exchange and he has two citizenships – one for the U. K and one for Kenya. Kenya and Uganda were asked by the Nigerian government to talk about the current argument. According to reports from Wired, after arriving in Abuja on February 25, the executives were not allowed to leave after meeting with government officials.
Gambaryan and Anjarwalla were taken to their hotels after the meeting, told to pack their things, and moved to a “guesthouse” run by Nigeria’s National Security Agency, according to family members interviewed by Wired. The US visited a lot. and United Kingdom Government officials, they talked under the watch of Nigerian government guards.
Working together to find a solution
Binance said they are working with Nigerian authorities to help Gambaryan and Anjarwalla return safely to their families. The exchange said its leaders are professional and honest, and they believe they can fix the problem quickly.
A person from Binance talked to CoinDesk and said, “We can’t talk about the details of the claims yet, but we are working with Nigerian authorities to bring Nadeem and Tigran back to their families. We are committed to helping the detained executives. ”
Response from the authority and happening updates
Nigeria’s President Bola Ahmed Tinubu’s office has not responded formally yet as the situation develops. However, The Financial Times reported about the detentions without giving the names of the people involved at first.
Gambaryan used to work as a special detective for the U. S The IRS is investigating cybercrimes with Binance in Africa, and Anjarwalla’s involvement has caught the cryptocurrency community’s attention.
The Nigerian government has arrested two Binance executives, Tigran Gambaryan and Nadeem Anjarwalla, because of a problem with the cryptocurrency exchange. This has worried people around the world. Both Binance and Nigerian authorities are working to solve the problem and bring the detained people back safely, but the details of the allegations are not known. As things progress, people involved are waiting for more information about this ongoing issue.
Warning: This is not advice for trading.
