Tag: Binance
Binance Founder Sentenced to Four Months in US Prison for Money Laundering
In Tuesday’s most high-profile cryptocurrency case since Sam Bankman-Fried’s imprisonment, the founder of Binance, a cryptocurrency startup, was sentenced to four months in US prison after entering a guilty plea to money laundering charges. A settlement with US authorities led to Canadian Changpeng Zhao’s resignation from the largest bitcoin exchange platform in the world towards…
NSA Confirms Binance Executive’s Escape from Custody
The Office of the National Security Adviser has verified that Nadeem Anjarwalla, a detained executive from Binance, has absconded from custody. The ONSA announced on Monday that Anjarwalla, a key figure in the investigation into Binance’s activities, evaded capture on Friday. Earlier reports from PUNCH Online, citing Premium Times, had indicated Anjarwalla’s escape on Friday….
FG Files Criminal Charges Against Binance
The Federal Government has launched legal action against Binance, a leading cryptocurrency exchange platform, on allegations of tax evasion. These charges were filed at the Federal High Court in Abuja and were announced on Monday by the Federal Inland Revenue Service (FIRS). The lawsuit, identified as suit number FHC/ABJ/CR/115/2024, accuses Binance of four counts of…
BREAKING: Binance Discontinues Operation in Nigeria
Amid an ongoing regulatory conflict in Nigeria, Binance has announced the discontinuation of all services involving the country’s fiat currency, the naira. Starting March 8 at 8:00 a.m. UTC, Binance will automatically convert naira balances to USDT. However, NGN deposits will no longer be supported after 14:00 UTC today, and withdrawals will cease after March…