Global

Binance Executive’s Nigerian Court Hearing Adjourned to October

A Binance Holdings Ltd. executive spent several hours back in a Nigerian court on Tuesday, before a judge adjourned the hearing until October. Tigran Gambaryan, the head of financial-crime compliance at Binance whom US lawmakers say has been unjustly detained, is standing trial on charges including currency manipulation and money laundering. He’s been held in the West African nation since…

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Hedge Fund Trader Aikman Gets Four-Year Jail Sentence for Faking Returns – Bloomberg

A trader in Canada received a four-year jail sentence after accepting millions of dollars from investors, then giving them false information about their returns. An Ontario court handed down the penalty to Nathanael Anthony Aikman, who pleaded guilty in November to fraud and trading securities without registration. He has also been ordered to pay restitution of more than C$3.9 million…

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Binance Executive Tigran Gambaryan’s Health Deteriorates in Jail as Nigeria Trial Proceeds

Nigeria’s money laundering trial against Binance and two executives was adjourned until July 5 following the cross-examination on Monday of the first witness from the country’s Securities and Exchange Commission. *** “Tigran’s health continues to deteriorate in detention and he complained of numbness in his foot as well as back pain,” a statement from the family’s spokesperson said. “He has…

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Santander Culls WhatsApp From Spanish Investment Bank Phones – Bloomberg

Banco Santander SA has removed popular messaging software including WhatsApp from smartphones issued by the company to its investment bankers in Spain, the latest sign of how banks are clamping down on staff communications. The Spanish lender has recently told the investment banking staff at its Madrid headquarters that unauthorized messaging software needs to be deleted, people familiar with the…

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U.S. House Members Visit Detained Binance Exec Tigran Gambaryan in Nigeria, Call for Release

U.S. lawmakers Rep. French Hill (R-Ark.) and Rep. Chrissy Houlahan (D-Penn.) visited Tigran Gambaryan in a Nigerian prison on Wednesday as the Binance executive remains incarcerated facing money-laundering charges due to his involvement with the crypto exchange. Visiting the country to discuss anti-terrorism efforts,”we also had the opportunity to advocate for an American that’s been wrongfully detained by the Nigerian…

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Binance Fined $2.2M by India’s Financial Intelligence Unit

Binance, the world’s largest cryptocurrency exchange, has been fined approximately $2.2 million (18.82 crore INR) for providing services to Indian clients without adhering to the nation’s anti-money laundering rules, India’s anti-money laundering unit announced Thursday. Binance and several other offshore cryptocurrency exchanges were issued showcause notices by Indian authorities and subsequently removed from India for “operating illegally” in January 2024.…

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Former Federal Prosecutors, Agents Ask U.S. Sec. Blinken to ‘Step Up’ Efforts to Secure Detained Binance Exec’s Release

A group of 108 former federal prosecutors and agents have signed a public letter to U.S. Secretary of State Antony Blinken urging the State Department to “step up” its efforts to secure Binance compliance head Tigran Gambaryan’s release from a Nigerian prison, Axios reported Thursday evening. The letter, reportedly spearheaded by investor and Coinbase board member Katie Haun – a former…

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Jailed Binance Executive Gabaryan Is Thought to Have Malaria, Family Says

Tigran Gambaryan, Binance’s compliance head, who remains jailed in Nigeria, is suspected of having malaria, a family spokesperson told CoinDesk. Gambaryan collapsed in a Nigerian court on May 24. He, along with the exchange, is facing charges of both tax evasion and money laundering. “Despite a court order from Justice Emeka Nwite issued on Thursday, May 23, Tigran Gabaryan has…

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Nordic Insider Trading Probe Embroils Private Equity Employees – Bloomberg

An investigation into alleged insider trading in a Swedish software company ahead of a takeover offer has enveloped two employees of a private equity firm. “Verdane can confirm that two individuals, not on the investment team, are in custody,” a spokesperson for the specialist growth investment firm said in an email. “No investor funds are involved. Verdane has suspended the…

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