The exchange disclosed that it processed $4.649 billion in withdrawals and $1.01 billion in deposits between 6:00 a.m. and 3:30 p.m. GMT on November 1, resulting in a net outflow of approximately $3.64 billion.
The theft, described by blockchain investigators as the largest cryptocurrency heist on record, unfolded late on October 29. Binance said approximately $3 billion in affected assets had been frozen through cooperation with blockchain partners.
Announced on September 22, the partnership combines an ownership stake with a distribution arrangement. Binance will promote and integrate USDC across its platform, while Circle supplies infrastructure for holding and using it, according to the companies’ official announcement.
Federal prosecutors are examining transactions Binance allegedly failed to stop, including possible knowing permission for prohibited trading, according to Bloomberg reporting published on September 22.
March 24, (THEWILL) — Binance Holdings Limited, on Tuesday, moved to reach a truce with the Federal Government over the ongoing tax evasion case against it, prompting the Federal High Court in Abuja to pause proceedings until May 12,...
February 19, (THEWILL) – The Federal Government of Nigeria (FGN), through the Federal Inland Revenue Service (FIRS), has sued cryptocurrency trading firm, Binance Holdings Limited, to the Federal High Court, seeking compensation of $79.51 billion and N231 million for...
February 15, (THEWILL) – The House of Representatives has reiterated commitment to transparency, accountability, and the protection of Nigeria’s democratic institutions, following bribery allegations by Tigran Gambaryan, Head of Financial Crime of cryptocurrency firm, Binance.
Gambaryan and his colleague, Nadeem...
November 25, (THEWILL) - The Economic and Financial Crimes Commission (EFCC) has filed a six-count amended charge of money laundering to the tune of $35.4 million against cryptocurrency trading firm, Binance Holdings Limited.
This followed a previous ruling of the...
October 23, (THEWILL) - The Federal Government has withdrawn the money laundering charges preferred against the detained Head of Binance financial crime compliance unit, Tigran Gambaryan.
The Economic and Financial Crimes Commission announced the decision on Wednesday, upon the resumption...
October 11, (THEWILL) – The Federal High Court, Abuja, has again refused bail application filed by Tigran Gambaryan, the detained Head of Binance financial crime compliance unit.
THEWILL reports that the Court had on April 8, ordered that Gambaryan...
The President, Bola Ahmed Tinubu has flagged off the construction of the $3.5 billion Bakassi Deep Seaport in Cross River State, describing the project as a strategic investment that will reduce pressure on Lagos ports and reposition Nigeria’s maritime industry.
