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Home»Wallets and Exchanges»Crypto Communities In Kenya And The US Collaborate To Release Detained Binance Executives In Nigeria
Wallets and Exchanges

Crypto Communities In Kenya And The US Collaborate To Release Detained Binance Executives In Nigeria

March 23, 2024No Comments2 Mins Read
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The pro-Crypto groups of the United States & Kenya collaborated to force the Nigerian government to release detained Binance executives.

Binance is the top-ranked crypto exchange by 24-hours crypto trade volume on the platform. Three weeks ago, two of the Binance executives were arrested by the Nigerian authorities. The executives have not been charged but could face allegations of currency manipulation, tax evasion and illegal operations. 

As per reports, the Nigerian authorities had no plans to release the Binance executives as they failed to publicly talk on this matter with any clarity.

Reportedly, the Nigerian authorities ordered the Binance team to share all the past 6 months of financial transactions and information of top Nigerian crypto traders. 

🔍🇳🇬 Nigeria ramps up investigation into Binance, securing a court order for detailed user data disclosure to the EFCC.

💼💰 The move follows tensions between Binance and Nigerian authorities, blaming the exchange for exacerbating economic instability amid rising crypto…

— janis (@janiscreamer) March 19, 2024

This week the Blockchain Association of Kenya held discussions with the Nigerian High Commission, voicing dissatisfaction over the ongoing detention of detained Binance employee Anjarwalla, a dual citizen of Kenya and Britain serving as the regional manager of Binance Kenya.

The association raised concerns against the Nigerian authorities’ actions about the treatment of Binance employees engaging in constructive dialogue with the authorities.

This official meeting aimed to put strong pressure on the Nigerian authorities to immediately release and safely return Binance employees to their home country.

Following a similar approach, A US crypto group called the Chamber of Digital Commerce asked the US government to help Binance employee Gambaryan, who used to work for the IRS and is now in charge of financial crime compliance at Binance.

See also  Bitcoin trades at slight discount on Binance.US as banking partners cut ties

According to the pro-crypto group, Binance executive’s detention is a type of state-sponsored kidnapping and a flagrant violation of international law.

Read also: Japanese telecom companies jump into crypto sector, plans to launch Crypto wallet 



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