A two-week-long information blackout has ended. The identities of the Binance executives detained by Nigerian authorities on February 26 for alleged cryptocurrency market manipulation have finally been revealed.
They are Tigran Gambaryan, a former US federal agent who currently heads Binance’s criminal investigations team, and Nadeem Anjarwalla, the company’s Kenya-based regional manager for Africa, as reported by US publication Wired.
“While it is inappropriate for us to comment on the substance of the claims at this time, we can say that we are working collaboratively with Nigerian authorities to bring Nadeem and Tigran back home safely to their families,” a Binance spokesperson told the publication. “They are professionals with the highest integrity and we will provide them all the support we can. We trust there will be a swift resolution to this matter.”
Following their arrival in Abuja, Nigeria’s capital city on February 25, Binance executives Tigran Gambaryan (US citizen) and Nadeem Anjarwalla (UK-Kenyan dual citizen) met with Nigerian officials to discuss the government’s recent restrictions on cryptocurrency exchanges. However, the situation escalated shortly after. Gambaryan and Anjarwalla were detained, their passports seized and held for two weeks by the National Security Agency.
Despite visits from US and UK representatives, the men remain under guard and haven’t had a private conversation. “There’s no definite answer for anything: how’s he’s doing, what’s going to happen to him, when he’s coming back,” says Gambaryan’s wife, Yuki Gambaryan. “And not knowing that is killing me.”
Frequently Asked Questions
1. How do you make $100 a day on Binance?
- Get started on Binance
- Choose the right coins
- Develop a trading strategy
- Start with a small investment
- Practice risk management
- Stay informed and adapt
- Learn from experience
- Patience and Persistence
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2. Is it safe to buy through Binance?
The bottom line is that Binance is a very safe crypto exchange (with some caveats). It keeps the vast majority of its crypto in “cold wallets” that are not connected to the internet. This limits losses in case of a hack and makes it unlikely that an attack will cause Binance to become insolvent.
3. How to make money from Binance?
First, by trading. This is the most common way to earn money on Binance, and it involves buying and selling cryptocurrencies to profit from changes in their prices. Trading can be risky, but it can also be very profitable if done correctly. Staking: Staking is a way to earn passive income with your cryptocurrencies.
4. How can I withdraw money from Binance?
Log in to your Binance account. Click on the [Wallet] button in the top right corner of the page. Select [Spot]. Click on the [Withdraw] button next to the cryptocurrency you want to withdraw.
5. How do you make $20 a day on Binance?
- Staking is a process of locking up your cryptocurrency in order to earn rewards.
- Lending is another way to earn money from Binance without trading.
- Binance Earn is a program that allows users to earn interest on their cryptocurrency holdings.
6. How much do I need to start trading on Binance?
One of the best things about Binance is that you can start trading with as little as $1. This makes it a great platform for beginners who want to learn the basics of trading without risking too much money.
7. What is the minimum deposit for Binance?
Binance also doesn’t have any fees for depositing crypto. Similarly, Binance’s minimum deposits for other top cryptocurrencies, including Ethereum and Tether’s USDT are 0.00000001 ETH and 0.00000001 USDT, respectively. Even though Binance has almost nonexistent fees, it does have withdrawal minimums and trading fees.
8. Is Binance legal in Nigeria?
Currently, Binance is engaged in a contentious dispute with the Nigerian government, which has resulted in the government blocking access to the platform. Binance was reportedly fined a substantial sum of $10 billion by the government, though the circumstances surrounding the fine are enveloped in controversy.
9. How do you make fast profit on Binance?
One way to make money spot trading is to buy cryptocurrencies when they’re low and sell them when they’re high. However, it’s important to note that spot trading is a risky activity, and you could lose money. Staking is another way to make money on Binance.
10. How to earn money in Binance without investment?
- Referral Programs: – Binance and other cryptocurrency exchanges often have referral programs.
- Airdrops: – Keep an eye on airdrop campaigns
- Promotions and giveaways
- Bounty programs
- Learning and education programs
- Staking or yield farming
- Faucets
- Testnet participation
11. Can I transfer money from Binance to my bank account?
Firstly, you’ll need to have a verified and linked bank account or a compatible payment method available on the Binance platform. This step is vital as it enables the transfer of funds from your Binance wallet to your traditional bank account.
12. How long does Binance withdrawal take?
It typically takes 10-30 minutes for a Bitcoin withdrawal to be confirmed on Binance after the transaction is made. However, it can take up to 1 hour in some cases. Once the transaction is confirmed, it will be credited to your destination wallet address.
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