Nigeria’s central bank denies directive to freeze digital asset bank accounts
After news outlets reported on the directive supposedly issued to multiple banks, the Central Bank of Nigeria denied it amid a nationwide digital currency crackdown.
After news outlets reported on the directive supposedly issued to multiple banks, the Central Bank of Nigeria denied it amid a nationwide digital currency crackdown.
Legal hurdles continue to hound Binance after being hit with a class action lawsuit in Canada for allegedly breaching securities laws, while its app in the Philippines looks to be taken down.
Nigerian authorities have confirmed that Nadeem Anjarwalla, who escaped detention, is in Nairobi, but the East African nation says extradition will drag on.
Tigran Gambaryan was detained and charged alongside Binance over alleged tax evasion and currency manipulation charges; he’s now being held in an underground cell in Abuja.
Nigeria crackdown on Binance continues with the arrest of two top officials and shutdown of the exchange following allegations of human rights violations.
Sam Bankman-Fried has been sentenced to 25 years in prison for the criminal fraud that led to the downfall of his FTX exchange and the theft of billions of dollars from his former customers.
The U.S. Court of Appeals for the Second Circuit reversed a lower court's dismissal of a class action suit against Binance, its founder CZ and co-founders Yi He and Roger Wang in April 2020.
Both Sam Bankman-Fried and Martin Mizrahi committed crimes they should have realized would eventually be exposed while insisting on their innocence to the end.
The U.S. SEC has issued an order instituting cease-and-desist proceedings against ShapeShift AG, which follows the exchange's submission of an offer of settlement to the regulator.
The Nigerian government "may impose heavy fines on Binance" but gov't official Bayo Onanuga insisted he "never said Binance had been informed about the fines or that it would definitely be $10 billion."
The Nigerian ‘crypto’ market is in uproar after government officials banned exchanges like Coinbase and Binance over their alleged “sophisticated heist against the Nigerian economy.”
After being flagged for unauthorized securities offerings, Binance faces new hurdles as the Philippine SEC works with tech giants Google and Meta to block its marketing material on local devices.