Nigerian officials allegedly asked for $150 million bribe before arresting Binance staff
TechCabal | Muktar Oladunmade - May 07, 2024
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AI-generated highlightsThe most relavant information from the article.
  • Tigran Gambrayan was asked by Nigerian officials to pay $150 million in crypto as a bribe.
  • Gambrayan and Nadeem Anjarwallar were arrested for tax evasion and money laundering charges.
  • Nigerian authorities have clamped down on cryptocurrencies.
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The arrest of Gambrayan and Anjarwalla highlights the challenges faced by cryptocurrency exchanges in dealing with bribery and regulatory issues. The clampdown on cryptocurrencies by Nigerian authorities reflects a negative sentiment towards the industry, potentially hindering its growth in the country.
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