Binance Executive Escapes Custody in Nigeria Amid Crypto Probe

An executive from cryptocurrency exchange Binance has escaped custody in Nigeria during a criminal investigation into the platform's alleged involvement in money laundering. Nadeem Anjarwalla, Binance's regional manager for Africa, fled Nigeria using a smuggled passport.

The incident has led to the arrest of personnel responsible for his custody, prompting an ongoing investigation into the circumstances surrounding his escape. Anjarwalla, who holds British and Kenyan citizenship, was detained along with a colleague in February, but his colleague, Tigran Gambaryan, remains in custody.

Binance ended trading with the Nigerian Naira after being accused of money laundering and terrorism financing, with no public evidence provided. Meanwhile, the government has filed charges against Binance, alleging complicity in tax evasion without providing public evidence for their accusations.

(file photo).

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