The CEO of Binance, a popular cryptocurrency platform, claimed that some unknown persons, claiming to be agents of Nigerian officials demanded huge payments in cryptocurrency to make their problems in the country “go away”.
Richard Teng, the firm’s chief executive officer (CEO) who took over from founder and former CEO Changpeng Zhao, made the claim in a blog post released Tuesday, May 7, on Binance’s website.
He added that the request was made through a local firm it hired.
Speaking on Binance’s issues with the Nigerian government, Teng detailed how the world’s largest cryptocurrency exchange tried to engage with the Nigerian authorities, including a meeting on January 8 in Abuja, where it was confronted with criminal allegations.
Teng said despite multiple requests, Binance had still not received details of the allegations, “and our employees, therefore, inquired if there was an opportunity to submit our responses in writing and in the absence of a public…
Source: Linda Ikeji
