The Chief Executive Officer (CEO) of Binance, Richard Teng, has ignited a firestorm by alleging that Nigerian officials sought a secret settlement from the cryptocurrency exchange. According to Bloomberg, Binance CEO Richard Teng accused Nigerian officials of demanding a $150 million cryptocurrency payment to resolve a criminal investigation. The allegations center around a contentious period of negotiation between Binance and the Nigerian government.

Binance’s CEO, Richard Teng, has spoken out about the situation, specifically addressing the ongoing detention of Tigran Gambaryan, a former agent of the United States Internal Revenue Service. Mr. Teng maintains that Gambaryan is being held unjustly. FG officials allegedly demanded $150 million bribe, a claim that has sent shockwaves through the financial and political landscape.

Binance CEO Richard Teng disclosed this in a blog post, detailing how the crypto company tried to interface with the authorities to resolve the issues. The blog post outlines Binance's attempts to cooperate with Nigerian authorities. The Binance CEO, Richard Teng, disclosed startling allegations of coercion by Nigerian officials, purportedly pressuring the exchange into a clandestine settlement paid in cryptocurrency to make the matter disappear.

These claims of coercion and bribery add another layer of complexity to the ongoing dispute between Binance and Nigeria. The controversy raises serious questions about transparency and ethical conduct. The Chief Executive Officer (CEO) of Binance, a popular cryptocurrency trading platform, Richard Teng, has claimed that some unknown persons sought a bribe of a substantial amount in exchange for resolving the dispute. The situation continues to evolve, and further investigation is warranted to uncover the full extent of these allegations.