• Binance claims Nigerian officials demanded secret crypto payment

    Binance claims nigerian officials demanded secret crypto payment - nigeria newspapers online
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    The CEO of cryptocurrency giant Binance Tuesday claimed that some agents of Nigerian officials demanded payment secret payment to make its problems in the country “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 reported back that he had been presented with a demand for a significant payment in cryptocurrency to be paid in secret within 48 hours to make these issues go away and that our decision was expected by the morning,” Teng said in the blog post.

    “We, of course, declined the payment demand via our counsel, not viewing it to be a legitimate settlement offer, and clarified that we would engage in settlement negotiations on the following conditions:”

    Details later.

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