Crypto boss escapes custody with smuggled passport
1 year ago

Crypto boss escapes custody with smuggled passport

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A boss of a leading crypto exchange has escaped custody in Nigeria using a smuggled passport, according to local authorities. Nigeria is Africa’s largest crypto economy in terms of trade volume, with many citizens using cryptocurrency to hedge their finances against surging inflation and the declining local currency. “The personnel responsible for the custody of the suspect have been arrested, and a thorough investigation is ongoing to unravel the circumstances that led to his escape from lawful detention,” Zakari Mijinyawa, spokesman for the office of Nigeria’s National Security Adviser said in a statement. Nigeria’s tax agency, meanwhile, filed a four-count charge on tax evasion against the crypto exchange, accusing it also of “complicity in aiding customers to evade taxes through its platform”.

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History of this topic

Cryptocurrency scams busted near Assam-Bangladesh border
3 weeks, 3 days ago

Cryptocurrency scams busted near Assam-Bangladesh border

The Hindu  

The Assam Police have busted a couple of multi-level cryptocurrency scams by cybercriminals operating from villages near the Assam-Bangladesh border. Within three days, the police in western Assam’s South Salmara-Mankachar district arrested five persons for running fraudulent cryptocurrency schemes. The police said the accused used online payment platforms such PhonePe, Paytm, and Binance, a Chinese cryptocurrency exchange for Bitcoins, Ethereum, …

Mint Quick Edit | $1.5 billion crypto heist: Can the case be cracked?
1 month ago

Mint Quick Edit | $1.5 billion crypto heist: Can the case be cracked?

Live Mint  

In what is being described as the largest ever theft of cryptocurrency, Ethereum worth $1.5 billion was stolen by hackers from Dubai-based exchange Bybit last week. This exceeds the previous reported record of $620 million of Ethereum and USD Coin stolen from Ronin Network in 2022. Who carried out the latest heist is unknown, but Bybit has assured its users …

The U.S. crypto executive who spent eight months in Nigerian detention : Planet Money : NPR
1 month, 2 weeks ago

The U.S. crypto executive who spent eight months in Nigerian detention : Planet Money : NPR

NPR  

The 'Crypto Wizard' vs. Nigeria Enlarge this image Megan J. Goff/ The trip that changed Tigran Gambaryan's life forever was supposed to be short — just a few days. On today's show, in a collaboration with More from This episode of Planet Money was hosted by Dina Temple-Raston and Nick Fountain. Support our show and hear bonus episodes by subscribing …

Nigeria detains American Binance executive over dispute with the crypto company
7 months, 3 weeks ago

Nigeria detains American Binance executive over dispute with the crypto company

NPR  

Nigeria detains American Binance executive over dispute with the crypto company In Nigeria, an American man is caught up in a dispute between the government and the crypto currency exchange Binance. And now some U.S. lawmakers say that Nigeria is effectively holding hostage an American who is the company's head of financial crime compliance. Nigeria accuses Binance of money laundering …

Nigeria seeks to try crypto exchange Binance executives over alleged money laundering, tax evasion
11 months, 3 weeks ago

Nigeria seeks to try crypto exchange Binance executives over alleged money laundering, tax evasion

Associated Press  

ABUJA, Nigeria — Nigerian authorities asked in court Thursday for cryptocurrency exchange Binance and two of its executives to be tried for alleged money laundering and tax evasion, the first legal step following weeks of a criminal investigation into the trading platform. Only Tigran Gambaryan, an American citizen and Binance’s head of financial crime compliance, attended the court hearing as …

Binance executive detained in Nigeria amid a crypto crackdown has escaped custody
1 year ago

Binance executive detained in Nigeria amid a crypto crackdown has escaped custody

Associated Press  

KADUNA, Nigeria — An executive of cryptocurrency exchange Binance has escaped custody in Nigeria, where a criminal investigation has been launched against the platform accused of being used for money laundering, authorities said Monday. Nadeem Anjarwalla, the regional manager for Binance in Africa, “fled Nigeria using a smuggled passport,” the office of Nigeria’s National Security Adviser said in a statement, …

Binance executive detained in Nigeria in crypto case escapes custody
1 year ago

Binance executive detained in Nigeria in crypto case escapes custody

Al Jazeera  

The Binance executive was detained when he arrived in Nigeria following the crackdown on the company. An executive of cryptocurrency exchange Binance has escaped custody in Nigeria, where a criminal investigation has been launched against the platform accused of being used for money laundering, according to authorities. Nadeem Anjarwalla, the regional manager for Binance in Africa, “fled Nigeria using a …

Crypto gets blamed for a real-life currency crisis
1 year ago

Crypto gets blamed for a real-life currency crisis

Live Mint  

Tigran Gambaryan, Binance’s head of financial-crime compliance, flew to Nigeria’s capital to solve a problem: The government had blamed the world’s largest crypto exchange for crashing the currency. Nigerian authorities detained Gambaryan and a colleague, Nadeem Anjarwalla, a U.K. and Kenyan national and Binance’s regional manager for Africa, according to the men’s families. The stablecoin trade in essence became a …

Binance’s Top Crypto Crime Investigator Is Being Detained in Nigeria
55 years, 2 months ago

Binance’s Top Crypto Crime Investigator Is Being Detained in Nigeria

Wired  

Editor's note: Nigerian authorities have charged Binance and two company executives with tax evasion. Since February 26, Gambaryan, who now leads Binance's criminal investigations team, and Nadeem Anjarwalla, Binance's Kenya-based regional manager for Africa, have been stripped of their passports and held in confinement at a government property in the Nigerian capital of Abuja. “And not knowing that is killing …

CEO of world’s largest crypto exchange pleads guilty and agrees to $50-million fine
1 year, 4 months ago

CEO of world’s largest crypto exchange pleads guilty and agrees to $50-million fine

LA Times  

Binance CEO Changpeng Zhao has agreed to step down as part of a sweeping deal with the Justice Department designed to keep the company operating. Binance Holdings Ltd. Chief Executive Changpeng Zhao pleaded guilty to criminal charges of money laundering and U.S. sanctions violations, including allowing transactions with Hamas and other terrorist groups, under a sweeping deal worked out with …

The SEC sues Binance, unveils 13 charges against crypto exchange in sweeping lawsuit
1 year, 9 months ago

The SEC sues Binance, unveils 13 charges against crypto exchange in sweeping lawsuit

NPR  

The SEC sues Binance, unveils 13 charges against crypto exchange in sweeping lawsuit Enlarge this image toggle caption Patricia De Melo Moreira/AFP via Getty Images Patricia De Melo Moreira/AFP via Getty Images U.S. regulators are targeting more giants in the world of crypto. On Monday, it filed 13 charges against Binance, which operates the world's top crypto exchange, as well …

A critical move on crypto trade
2 years ago

A critical move on crypto trade

Hindustan Times  

India this week tweaked rules against money laundering to cover trade in cryptocurrencies, such as Bitcoin and Ethereum. The department of revenue issued a notification outlining new definitions to cover five specific scenarios: When cryptocurrency and fiat money is exchanged; when one form of crypto is exchanged with another; if such coins are transferred; the storing of virtual digital assets; …

Binance moved $346 million for seized crypto exchange Bitzlato, data show
2 years, 2 months ago

Binance moved $346 million for seized crypto exchange Bitzlato, data show

Live Mint  

Crypto giant Binance processed almost $346 million in bitcoin for the Bitzlato digital currency exchange, whose founder was arrested by US authorities last week for allegedly running a "money laundering engine," blockchain data seen by Reuters show. The Justice Department on Jan. 18 said it charged Bitzlato’s co-founder and majority shareholder Anatoly Legkodymov, a Russian national living in China, with …

Justice Dept. announces $3.6B crypto seizure, 2 arrests
3 years, 1 month ago

Justice Dept. announces $3.6B crypto seizure, 2 arrests

Associated Press  

WASHINGTON — The Justice Department announced Tuesday its largest-ever financial seizure — more than $3.6 billion — and the arrests of a New York couple accused of conspiring to launder billions of dollars in cryptocurrency stolen from the 2016 hack of a virtual currency exchange. We can and we will follow the money, no matter what form it takes,” Deputy …

Justice Dept. announces $3.6B crypto seizure, 2 arrests
3 years, 1 month ago

Justice Dept. announces $3.6B crypto seizure, 2 arrests

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Justice Department announced Tuesday …

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