Binance and its detained US exec face more charges in Nigeria

Amid Nigerian authorities pressing more charges against Binance, the exchange issued a statement urging the regulators to let go of its U.S. exec Tigran Gambaryan.

Troubled global cryptocurrency exchange Binance is facing more issues in Nigeria as its United States-based executive Tigran Gambaryan remains detained in the country.

Nigeria has introduced more charges against Binance despite the exchange trying to find dialogue with local regulators, The Wall Street Journal reported on April 3.

Binance has been actively working with authorities in Nigeria since local regulators blamed the crypto exchange for helping crash its fiat currency, the Nigerian naira, in February 2024.

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