The lawmakers have accused the Nigerian government of attempting to extort Binance
US lawmakers have urged President Joe Biden to intervene in the case of Tigran Gambaryan, a Binance executive detained in Nigeria. They cite wrongful detention and harsh prison conditions. Gambaryan's case highlights broader concerns about Binance's regulatory challenges in Africa.
Custodia Bank applied for a Master Account to enable critical Federal Reserve payment services but was turned back and rejected
CNBC reporter MacKenszie Sigalos highlighted the crypto exchange's increasing legal challenges