Two Binance executives, Tigran Gambaryan and Nadeem Anjarwalla, find themselves ensnared in a complex web of accusations and detainment in Nigeria. Detained for two weeks without formal charges, they were summoned to Abuja for discussions regarding allegations of illegal transactions profiting Binance. Nigerian authorities reportedly demanded a staggering $10 billion from the exchange for illicit activities. This latest development amplifies Binance's global regulatory woes as it navigates through heightened scrutiny not only in the U.S. but also in Nigeria, where authorities claim the exchange facilitated illicit flows totaling $26 billion.

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