Stakeholders demand from Binance the identities of government officials who are seeking for bribes

The bitcoin industry’s stakeholders have urged Binance to identify the public servants who requested bribery.

Additionally, the stakeholders required Binance to present proof of its allegations of bribery.

Local cryptocurrency stakeholders told Cointelegraph that if the Binance bribery claim is not handled appropriately, it may have a detrimental impact on the nation’s reputation.

Rume Ophi, the executive secretary of the Stakeholders in Blockchain Technology Association of Nigeria, asserted that the Nigerian Securities and Exchange Commission representative’s nonverbal cues during a meeting on May 6th demonstrated the government’s commitment to supporting the cryptocurrency sector.

Ophi, however, issued a warning on the possible harm Binance would do to Nigeria’s cryptocurrency sector and the government’s standing.

In order to “identify individuals involved in the alleged bribery attempt to substantiate the claim and enable authorities to address any wrongdoing, thus safeguarding Nigeria’s image for international exchanges,” he emphasized the significance of Binance providing detailed data.

Tigran Gambaryan, a former IRS agent who oversaw Binance’s financial crime compliance division, was detained. Richard Teng, CEO of Binance, gave a thorough explanation, on May 7.

Teng claimed that anonymous people made approaches to Binance staff members and made settlement offers.

Though he doubted any Nigerian authority would approach Binance, Flincap CEO Nathaniel Luz said naming particular people would assist substantiate the company’s claim.

The Nigerian SEC ruled in 2023 that Binance Nigeria’s activities were unlawful, claiming the company was not regulated or registered. The governor of the Central Bank of Nigeria expressed concerns on February 27 over the way cryptocurrency exchanges handle unlawful transactions, pointing specifically to “suspicious flows” at Binance.

As a result of the incarceration of Gambaryan and Nadeem Anjarwalla and demands from Nigerian authorities that Binance delist the Nigerian naira and provide comprehensive user information, the situation became more heated.