Ganch Network

Nadeem Anjarwalla, a senior executive at Binance, was reportedly detained in Nigeria on charges related to alleged manipulation in foreign exchange trading involving the Naira and other illegal activities. He is said to have escaped from custody.

Previously, the federal government had detained both executives after they arrived in Nigeria following the government's crackdown on several cryptocurrency trading platforms. Their passports were confiscated during this period.

In June 2023, the Securities and Exchange Commission (SEC) announced that Binance Nigeria Limited, a branch of Binance, was operating unlawfully.

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