Richard Teng, an executive at Binance, accused Nigerian government officials of soliciting bribes amounting to $150 million from the cryptocurrency giant. Teng disclosed that the demand came after a meeting with Nigerian lawmakers, although their direct involvement remains uncertain.

“We will not yield to illegal demands or coercion,” stated Teng unequivocally. Binance executives maintain that the accusations are baseless and contrary to the principles of transparency and integrity upheld by the company.
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