Richard Teng
29 Aug
Binance has condemned the ongoing detention of Tigran Gambaryan, an employee of the cryptocurrency exchange, describing his six-month imprisonment in Nigeria as “inexplicable" and "unjust." In a recent statement, Binance CEO Richard Teng revealed that Tigran, who suffers from a herniated disc, is in severe pain and unable to walk. READ ALSO:Uganda police find 24…
8 May 2024
The Nigerian government has denied the bribery allegations made by cryptocurrency exchange Binance. Binance Chief Executive Officer Richard Teng alleged that Nigerian government officials demanded bribes to resolve its case in the country. The Federal Ministry of Information and National Orientation, in a statement on Wednesday, called Binance's claim of a $150 million bribe demand…
8 May 2024
The CEO of cryptocurrency exchange Binance, Richard Teng said Nigeria has set a dangerous precedent after its executives were invited to the African country and detained as part of a crackdown on crypto.
7 May 2024
The CEO of cryptocurrency giant Binance, Tuesday, claimed that some agents of Nigerian officials demanded secret payment to make its problems "go away". Richard Teng, who took over from founder and former CEO Changpeng Zhao, said in a blog on Binance's website that the request was made through a local law firm it hired. "Counsel…
7 May 2024
Binance CEO Richard Teng has expressed concern over the detention of Tigran Gambaryan, one of its mid-level employees held in custody by the Nigerian government. In a statement by Binance, Teng said despite numerous efforts at constructive engagement and a willingness to meet the demands of Nigerian authorities, an innocent employee remains detained. Gambaryan, a…
18 Apr 2024
Cryptocurrency exchange company, Binance said it is working very closely with the Nigerian government over its detained executive. The CEO of Binance, Richard Teng, disclosed this on Thursday with the company's head of financial crime compliance still in detention in Nigeria. The Nigerian government's Economic and Financial Crimes Commission (EFCC) is prosecuting Binance for laundering…
10 Apr 2024
The new CEO of the world's top crypto platform stressed the importance of regulatory compliance for Binance's future success, months after its former chief executive pleaded guilty to violating US anti-money laundering laws and it paid $4.3 billion to settle charges. In an interview with AFP during a visit to Paris for a cryptocurrency sector…
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