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Security Agencies Detains Two Binance Officials Amid Crypto Clampdown

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The federal government has reportedly detained two top executives of Binance, the cryptocurrency trading platform.

According to Financial Times on Wednesday, the executives flew to Nigeria but had their passports seized by the Office of the National Security Adviser.

The report said the executives visited Nigeria in response to the country’s recent crackdown on various cryptocurrency trading platforms.

Although the reasons for their detention are unknown, their arrest is coming amid allegation of manipulation in foreign exchange trading in Nigeria

 

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