Binance News: Nigeria Pursues Escaped Binance Africa Regional Manager Amid Currency Crash Allegations

Binance, one of the world’s largest cryptocurrency exchanges, is facing scrutiny in Nigeria as the country continues its search for Nadeem Anjarwalla, the Africa regional manager who escaped custody. The development stems from allegations that Binance’s activities contributed to the crash of Nigeria’s national currency, the naira.

Nigeria Continues Search for Escaped Binance Exec Nadeem Anjarwalla

Nigeria is continuing its pursuit of Nadeem Anjarwalla, Binance’s regional manager for Africa, who escaped custody after being detained with U.S. citizen Tigran Gambaryan in February 2024. The pair were in Nigeria to address allegations that Binance’s activity crashed the country’s national currency, the naira. Nigeria’s Economic and Financial Crime Commission (EFCC) charged Binance and its two executives with five counts of money laundering. Anjarwalla escaped custody in March, with Binance confirming his absence.

Dark Web Hackers Allegedly Sell 100K Crypto Records

Hackers on the dark web allege they have obtained over 100,000 user records from crypto exchanges Gemini and Binance. According to a March 27 report by Dark Web Informer, a threat actor known as AKM69 is selling a database containing full names, emails, phone numbers, and location data. Most affected users are from the U.S., with some from Singapore and the U.K. The alleged breach raises concerns over crypto exchange security and user privacy.