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One of the two Binance executives held in Nigeria has reportedly escaped from custody, according to a local media outlet .  Binance is the world’s largest crypto exchange by trading volume and has faced a rough time in Nigeria over the past several months. Binance exec escapes from Nigeria Details on Monday claimed that Nadeem Anjarwalla, a 38-year old UK national who has been in detention in Nigeria, escaped via a Middle-Eastern airline. He allegedly used a fake passport to board the flight on Friday, March 22. Sources familiar with the development say Anjarwalla made the escape after he was taken to a Mosque for prayers. Nadeem Anjarwalla, the regional manager for Binance in Africa and his colleague Tigran Gambaryan, head of criminal investigations at Binance, were arrested on February 26. Gambaryan is a US citizen. The two execs’ detention followed a crackdown on the Binance crypto exchange by the Nigerian government, amid allegations of ...

Sanctioned crypto exchange Garantex has ties to violent debt collectors, a convicted gang leader, and a Russian state oil company, according to an international body of journalists. Estonian newspaper The Eesti Ekspress and the International Consortium of Investigative Journalists (ICIJ) discovered that the death and replacement of one of Garantex ’s shareholders precipitated the installation of a new shareholder with links to the Kremlin and Russia n state oil.  The probe, published last week, also found that operators of Garantex’s Russia app and crypto educational arm jointly own a debt collection agency alongside a convicted gang leader guilty of violent extortion schemes.  Russian founder of sanctioned exchange Garantex starts Tether desk Read more: US sanctions Russia n woman for laundering oligarch funds with crypto In addition, Garantex reportedly sent $238 million worth of bitcoin to wallets controlled by illegal darknet operators and $15 million worth of crypto to w...