The FBI was able to recover 40,300 USDT.ETH, which it is now seeking to return to the victim.
During his time at Binance, Gambaryan built a 100-person global investigations team and oversaw the company's response to thousands of law enforcement requests.
Thousands of Nigerians have lost millions to a fraudulent digital asset trading platform, CBEX, which operated as a Ponzi scheme. Early reports from local media outlets placed total investor losses at ₦1.3 trillion (approximately $800 million), with the funds allegedly sitting in a Tron wallet believed to be associated with CBEX. However, CryptoSlate’s analysis suggests […]
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Nigeria Sues Binance for $81.5 Billion in Economic Losses and Back Taxes
Nigeria’s Federal Inland Revenue Service (FIRS) has taken legal action against Binance Holdings Limited, demanding over $81 billion in unpaid taxes and penalties. On Nov. 19, local media outlet Nairametrics reported that this claim includes $79.5 billion in economic damages and an additional N231 million ($153,223) tied to Binance’s operations. The tax authority also seeks […]
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Nigeria’s Securities and Exchange Commission (SEC) is working on a plan to tax crypto transactions as part of a broader effort to increase government revenue, Bloomberg reported on Feb. 18. According to the report, the regulatory body intends to bring eligible crypto transactions on licensed exchanges under the country’s tax framework. Meanwhile, a bill outlining the […]
The post Nigeria reportedly advances crypto tax plan while grappling with Binance dispute appeared first on CryptoSlate.
Tigran Gambaryan, Binance’s former Head of Financial Crime Compliance, has openly criticized the Nigerian authorities for deliberately scapegoating the exchange for the country’s economic challenges. In a Feb. 12 statement on X, Gambaryan, recently released from detention in Nigeria, claimed that Nigeria’s National Security Advisor (NSA) Nuhu Ribadu targeted the exchange instead of addressing corruption […]
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The SEC’s new rules on digital asset promotions aim to “curb the menace” of social media influencers promoting unregulated crypto products.
The Nigerian Securities and Exchange Commission (SEC) has rolled out stricter rules targeting influencers promoting crypto-related products without transparency. Under the updated framework, influencers must ensure their crypto clients are licensed by the SEC before endorsing any product or service. Additionally, all promotional content must be clearly labeled as sponsored. Failure to comply will attract […]
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Nigeria has been clamping down on illegal activity regarding crypto in the country.
Nigeria’s anti-corruption agency arrested 792 suspected to be involved in a crypto romance scam scheme based out of the country’s largest city.
A former IRS special agent and Binance’s head of financial crime compliance, Tigran Gambaryan had been in Nigerian custody with reports of deteriorating health since February.
U.S. President Joe Biden called Bola Tinubu, the President of Nigeria, on Tuesday to personally thank him for the recent release of detained American Binance executive Tigran Gambaryan.
The Nigerian government has dropped charges against a Binance exec, Ripple has filed an appeal, FTX settled with Bybit, and Denmark moves to tax unrealized crypto gains.
In recent years, crimes and crypto have grown inexorably entwined. Crypto crimes rise as its popularity and use cases grow, therefore putting at risk traders and companies alike. TrendMicro claims that even while the value of crypto transactions received by illegal addresses has reduced to an estimated $24.2 billion, this figure will still develop as […]
The United States and Nigeria have formed a Bilateral Liaison Group to counter cryptocurrency-related crimes and illicit finance. An Oct. 23 announcement reaffirmed the United States’ dedication to working closely with Nigeria. The US Department of Justice pledged to support Nigeria in strengthening its capabilities for investigating and prosecuting cybercrimes. While the two nations have […]
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After spending eight months detained in the country, the Binance enployee was allowed to leave Kuje prison last night.
Nigeria's government has withdrawn the money laundering charges against Binance executive Tigran Gambaryan, local news outlet Punch reported first on Wednesday.
Concerns increased over Tigran Gambaryan’s well-being on Oct. 18 after his illness prevented him from appearing in court.
Judge Emeka Nwite ruled that Tigran Gambaryan should stay in prison unless his health condition poses a threat to others and quarantine is unavailable.
India and Nigeria have maintained the top two positions in the world in terms of grassroots crypto adoption but Indonesia is the fastest growing, according to blockchain analytics firm Chainalysis' annual report released Wednesday.
Nigeria’s SEC will enforce regulations on unregulated crypto businesses, protecting investors while encouraging innovation in the growing market.
Detained in Nigeria for more than six months and with reported health problems, Tigran Gambaryan awaits a judge’s decision following another bail application.
The next bail hearing has been scheduled for Oct. 9.
Gambaryan’s next hearing is set for Sept. 4, where the judge will consider the executive’s latest motion for bail.
Binance CEO Richard Teng and family members have called for action, claiming Tigran Gambaryan has been unjustly detained in Nigeria since February.
The wife of Tigran Gambaryan, the American Binance employee detained in Nigeria, released a new video statement on Monday pleading for his immediate release from prison.
Tigran Gambaryan, a U.S. citizen who works for Binance, has been held in Nigeria since February.
The SEC wants to issue its first licenses for digital service and tokenized assets as early as this month.
Nigerian authorities have traced $50 million of cryptocurrency sent to support recent protests, local media reported.