North Korea today slammed the FBI’s allegations that Pyongyang was behind the theft of $6 billion from cryptocurrency platform Binance, with Kim Jong Un’s powerful sister labelling it a “grave political provocation”. Kim Yo Jong, in a statement released today by the KCNA state news agency, said the FBI’s claim was “absurd rhetoric and nothing ...
Cryptocurrency platform Binance said yesterday it has used company money to buy tokens to replenish 90 percent of the $6.3 billion stolen in a huge hacking attack. “Our commitment remains the same: Binance will fully cover the financial impact of the funds stolen in this incident,” the company said on X. Binance, the world’s largest […]...
•Binance hack The world’s largest cryptocurrency exchange, Binance, has confirmed a security breach after hackers drained multiple digital assets valued at between $2 billion and $5.8 billion from its wallets. According to a forensic analysis of the event by security firm Blockaid, the attacker targeted two Binance hot wallets named “Binance 1...
•Former Binance CEO Changpeng “CZ” Zhao US President Donald Trump has pardoned the convicted Binance co-founder Changpeng “CZ” Zhao, the White House said yesterday, accusing Trump’s predecessor Joe Biden of launching an unnecessary “war” against the industry. Binance was created in 2017, and swiftly became the world’s largest cryptocurrency ex...
The federal government has dragged Finance Holdings Limited to the Federal High Court, seeking compensation of $79.51 billion and N231 million for alleged economic losses caused by the operations of the cryptocurrency exchange company. In a suit marked FHC/ABJ/CS/1444/2024, the third against Binance, the Federal Inland Revenue Service (FIRS) i...
•Mohammed Idris and Tigran Gambaryan The federal government yesterday dismissed the claims by Binance’s Head of Finance, Tigran Gambaryan, who spent eight months in a Nigerian detention facility over alleged corruption. Gambaryan, a U.S. citizen, was recently tried in Nigeria for financial crimes, reports Channels TV. He was released by the Ni...
•Gambaryan Yuki Gambaryan, wife of Tigran Gambaryan, has described the past eight months of her husband’s detention in Nigeria as a “living nightmare.” In an emotional statement released today, Yuki expressed her relief following her husband’s release after enduring nearly eight months of imprisonment. Tigran Gambaryan, an American citizen, le...
The Federal Inland Revenue Service (FIRS), today re-arraigned Binance Holdings Limited on four-count charge bordering on tax evasion allegations. Nigerian representative of Binance, Ayodele Omotilewa, who was docked, took a plea on behalf of the company before Justice Emeka Nwite of a Federal High Court, Abuja, reports NAN. He pleaded not guil...
•Binance chief, Tigran Gambaryan The cross examination of the First Prosecution Witness, PW1, Abdulkadir Abbas, in the ongoing trial of Binance Holdings Limited and its Executive Officer, Tigran Gambaryan, before Justice Emeka Nwite of the Federal High Court, continued yesterday, Tuesday, July 2, 2024. The Economic and Financial Crimes Commiss...
•Binance chief Tigran Gambaryan in court Members of the United States House of Representatives, French Hill and Chrissy Houlahan have called for the release of Binance executive, Tigran Gambaryan, who is currently detained in Nigeria and facing charges of tax evasion as well as other financial crimes. The call by the lawmakers followed their v...
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