Former Binance Exec Exposes Nigeria’s Dirty Secrets

Tigran Gambaryan, a former Binance executive who spent almost a year in a Nigerian prison, has finally broken his silence. In a recent interview, he accused Nigeria of being involved in economic scandals and using Binance as a scapegoat. Gambaryan also criticized Nigeria’s National Security Advisor, Nuhu Ribadu, for targeting the cryptocurrency exchange instead of addressing corruption allegations involving government officials.

Gambaryan’s revelations come after his release in Nigeria in October 2024. He was arrested alongside another Binance executive, Nadeem Anjarwalla, in February 2024 on allegations of money laundering and tax violations. Anjarwalla managed to escape in March, but Gambaryan remained in custody until October.

Binance CEO Richard Teng has also accused the Nigerian government of intentionally prolonging the case to extort money from the company. Teng claimed that Nigerian government officials handling the case had sought $150 million in bribes to resolve the issue. The funds were supposedly requested to be paid in crypto and intended for officials’ digital wallets.

Despite the Nigerian government’s denial of the allegations, Gambaryan’s revelations and Teng’s accusations suggest that there may be more to the story than meets the eye. Binance and its executives still believe that the government should be blamed for the foreign exchange woes that befell the local Naira currency, citing market manipulation from the government.

In conclusion, Gambaryan’s revelations shed light on Nigeria’s economic scandals and the government’s alleged involvement in them. It remains to be seen how this will affect the country’s relationship with Binance and other cryptocurrency exchanges in the future.

Read More

2025-02-12 22:28