EFCC traces CBEX funds to four countries
The Economic and Financial Crimes Commission (EFCC) has found that money from the failed CBEX crypto exchange was sent to at least four countries. The EFCC chairman, Ola Olukoyede, shared this news during an interview on Channels Television on Wednesday, April 30. Olukoyede said the agency had frozen several bank accounts linked to the fraud […]
Trump signs bill to nullify expanded IRS crypto broker rule
President Donald Trump has signed a new law that cancels a rule from the Internal Revenue Service (IRS). This rule had expanded the definition of a “broker” to include decentralized cryptocurrency exchanges, also known as DeFi platforms. The rule was introduced at the end of President Biden’s term in December 2024. It required DeFi platforms […]
Nigerian lawmaker Onwusibe brands Binance’s bribery allegations false, malicious, defamatory
Hon. Ginger Obinna Onwusibe, a Nigerian lawmaker and chairman of the House of Representatives Committee on Financial Crimes, has strongly denied claims that he and other committee members demanded bribes from Binance. He described these allegations as false, malicious, and defamatory. Tigran Gambaryan, Binance’s Head of Financial Crime Compliance, recently accused three Nigerian lawmakers of […]
Binance executive, Gambaryan reveals three Nigerian lawmakers who demanded $150m bribe
In January 2024, Binance executive Tigran Gambaryan was detained by Nigerian authorities, and he has since revealed disturbing details of his experience. In a social media post, Gambaryan shared that three Nigerian lawmakers demanded a $150 million bribe in cryptocurrency during a meeting, which he described as a “Mickey Mouse operation.” According to Gambaryan, he […]
Trump’s meme coin surges to $4bn market cap nine hours after launch
Donald Trump, the newly elected U.S. president, has made waves in the cryptocurrency world by launching his own meme coin called $Trump. The announcement came on Saturday via X (formerly Twitter), where Trump encouraged his followers to join this new venture. Within just nine hours of its launch, the $Trump coin reached an impressive market […]
US President Joe Biden calls President Tinubu over release of Binance executive, Gambaryan
On October 9, 2023, US President Joe Biden and Nigeria’s President Bola Tinubu held a significant phone conversation that addressed pressing issues affecting both nations and Africa as a whole. The call lasted approximately 30 minutes and took place around 4 PM Nigerian time. One of the main topics of discussion was law enforcement collaboration […]
Binance Executive Tigran Gambaryan Leaves Nigeria After Eight Months in Custody
Tigran Gambaryan, the Head of Financial Crime Compliance at Binance, has finally been released from detention in Nigeria after spending eight long months in prison. This announcement was made by Binance in a statement shared with The PUNCH on Thursday. Gambaryan, who is an American citizen, was allowed to leave Kuje prison last night. His […]
Binance Seeks Settlement with Nigerian Government, Urges Release of Executive
Binance Holdings Limited has expressed its willingness to resolve any past issues with the Nigerian Government, urging the authorities to release their detained executive, Tigran Gambaryan. Gambaryan, who was arraigned at the Federal High Court in Abuja on Monday for alleged money laundering, faced the court in visible distress, relying on crutches as he was […]
Binance Executive Tigran Gambaryan Appears in Court in a Wheelchair
On July 16, Tigran Gambaryan, an executive from Binance Holdings Limited, made a dramatic entrance to the Federal High Court in Abuja, arriving in a wheelchair. Gambaryan and Binance are facing serious money laundering charges brought by the Economic and Financial Crimes Commission (EFCC). Despite arriving in a wheelchair, Gambaryan demonstrated his determination by standing […]
Davido Unveils New Social Media Platform
Popular Afrobeats artist Davido has introduced a new social media app named Chatter. Davido shared this news in a popular post on his official X account on Friday. The singer revealed that he co-owns the app with his friend, Sir Banko. Chatter is a social audiovisual platform designed to connect content creators with an active […]