Binance says it trained investigators in Nigeria under government cooperation
The relationship between Binance and the Nigerian government has drastically changed in recent months, according to a recent blog post from the crypto exchange.
Crypto exchange Binance has disclosed substantial cooperation with Nigerian authorities in a blog post on March 13 in response to recent turmoil involving its operations in the country.
According to Binance, the now-turbulent relationship with authorities was quite different a few months ago. In August 2023, for instance, the exchange held two full-day sessions with Economic and Financial Crimes Commission (EFCC) officials in Abuja and Lagos, each attended by more than 30 investigators.
The training focused on instructing investigators to trace money on the blockchain using both public and commercial tools. “We also introduced several case studies, including those featuring Nigerian suspects. Both sessions received overwhelmingly positive feedback from Nigerian investigators, who expressed strong interest in continuing this format of cooperation,” Binance said.
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