Tag: Binance
BREAKING: Binance to Face Full Legal Scrutiny for Severe Financial Crimes, Says Federal Government
Abuja, June 5, 2024 — The Federal Government has reaffirmed its commitment to upholding due process in the ongoing trial of the online trading platform Binance and one of its Chief Executives, accused of engaging in illegal cryptocurrency activities in Nigeria. Minister of Information and National Orientation, Mohammed Idris, emphasized that all legal procedures are…
Former Binance CEO Changpeng Zhao Sentenced to Four Months in Prison
Former CEO of Binance, Changpeng Zhao, commonly known as CZ, has been handed a four-month prison sentence by a federal judge for violating U.S. money laundering laws. The ruling was delivered during a hearing held on April 30 at the U.S. District Court for the Western District of Washington, presided over by Judge Richard Jones….
Nigerian Government Confirms Binance Executive Found in Kenya
In a significant development in the ongoing investigation into financial irregularities, the Nigerian government has confirmed that Nadeem Anjarwalla, a top executive at Binance, who had escaped custody in Nigeria, has been located in Kenya. A source within the presidency, speaking on condition of anonymity, revealed that Anjarwalla had been traced to Kenya, prompting intensified…
Federal High Court Sets Date for Formal Charging of Binance Holdings Limited and Executives
The Federal High Court in Abuja has announced a scheduled date for the formal charging of Binance Holdings Limited, a global cryptocurrency exchange platform, along with two of its executives, Tigran Gambaryan and Nadeem Anjarwalla. The court proceedings are set to take place on Thursday before Justice Emeka Nwite. The charges against Binance Holdings Limited…