A compliance officer for the cryptocurrency exchange told senior executives and Nigerian contacts that the company had been asked to pay $150 million in crypto.
Since pleading guilty to violating money-laundering rules, Changpeng Zhao, who ran the giant crypto exchange Binance, has networked across the United States to set up his next act.
Just 18 months ago, Changpeng Zhao, riding high as Binance’s chief executive, helped set off the chain of events that led to the collapse of FTX, Binance’s largest rival.
Tigran Gambaryan, an American compliance official for the giant cryptocurrency exchange Binance, flew to Nigeria in February for a planned two-day business trip. He hasn’t returned.
Tigran Gambaryan, an executive for the crypto exchange Binance, talking to lawyers last week as he waits to face prosecution at a court in Abuja, Nigeria.
Bitcoin aficionados are hoping that a scheduled reduction in the number of new coins going into circulation will cause the price of the cryptocurrency to skyrocket.
The reduction in new coins, which takes place periodically, is designed to ensure that the amount of Bitcoin in circulation will never exceed 21 million.
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