ChainCatcher news, according to The Wall Street Journal, the enthusiasm of U.S. President Trump and his family for cryptocurrencies has made the industry one of the biggest winners in his second term. Given Trump's vast business interests, critics have raised ethical concerns.Representatives of the Trump family have discussed investing in Binance.US. This would involve the U.S. president conducting business with a company that has acknowledged violations of anti-money laundering laws. Binance executives have also met with officials from the U.S. Treasury to discuss easing government regulations on the company. Binance founder and major shareholder Changpeng Zhao recently stated that his lawyers have formally applied for a pardon. Last year, he served four months in prison due to related charges.The Trump family also owns a company called World Liberty Financial, which was established last September. Trump's sons Donald Jr., Eric, and Barron are all involved in this venture, with the Trump family controlling about 60% of the company's equity. Sun Yuchen invested $75 million in the project, further propelling this momentum. In February, the U.S. Securities and Exchange Commission (SEC) requested the court to suspend a lawsuit accusing Justin Sun and his companies of fraud.Trump's team is trying to push Congress to pass two cryptocurrency bills in the coming months: one to establish the first regulations for stablecoins, and another to specify which crypto products are regulated as securities by the SEC and which are regulated as commodities by the Commodity Futures Trading Commission (CFTC). The Senate is expected to vote soon on its version of the stablecoin bill. Some Democrats oppose the bill, citing potential conflicts of interest for Trump and the activities surrounding stablecoins.

ChainCatcher news, TRON founder Justin Sun has been continuously posting about two executives from Binance, engaging in friendly interactions. In these posts, Justin Sun revealed that his marketing skills were learned from Binance co-founder He Yi, and he reached an agreement with Zhao Changpeng in the comments section regarding the principle of "protecting users."Following today's WSJ incident, Justin Sun quickly expressed on social media that he was unaware of the rumors circulating online, emphasizing that Zhao Changpeng is his mentor, friend, and benefactor, who has provided attention, guidance, and direction throughout his entrepreneurial journey. Zhao's principles and style of conduct are the highest standards that Justin Sun aspires to as an entrepreneur. Just now, Zhao Changpeng replied to Justin Sun in the comments section after the WSJ incident with a "handshake" and a "want to cry but no tears" emoji.

ChainCatcher news, according to Sing Tao Daily, Joy Lam, the Head of Compliance and Legal Affairs for Binance in the Asia-Pacific region, stated in a recent interview that Hong Kong's regulatory framework for virtual assets is relatively cautious and is moving in the right direction. He suggested that further relaxation of restrictions could allow more virtual asset products and services to enter the local market while ensuring the protection of investors' rights.However, he did not directly respond to market concerns about whether Binance intends to return to the U.S. market or enter the Hong Kong market, only emphasizing that the Asia-Pacific region is the engine of global economic growth and that the local cryptocurrency usage rate is relatively high. He hopes to participate in and support the development of the local virtual asset market in different ways.

ChainCatcher news, according to Cryptonews, Nigerian House of Representatives member Philip Agbese has filed a lawsuit against Binance executive Tigran Gambaryan in the Abuja Federal Capital Territory High Court, seeking 1 billion naira (approximately $667,000) in damages for defamation.The lawsuit stems from Gambaryan's claims on social media that Agbese and two other lawmakers attempted to solicit a $150 million cryptocurrency bribe. Agbese's camp stated that he has never owned a cryptocurrency account or engaged in digital currency transactions, demanding that Gambaryan publicly apologize in at least three national newspapers and delete all related social media posts.The Nigerian Minister of Information and National Orientation dismissed Gambaryan's allegations on February 14, stating that the claims lack credible evidence. The court has ordered Gambaryan to respond to the lawsuit within 8 days.Previous news, Binance executives reiterated that Nigerian lawmakers had solicited a $150 million bribe in exchange for dropping the lawsuit against Binance.

ChainCatcher news, Binance's financial crime compliance officer Tigran Gambaryan recently reiterated that a rogue Nigerian lawmaker demanded a $150 million bribe in exchange for dropping the lawsuit against Binance. The relevant lawmaker wanted the funds to be transferred directly to their cryptocurrency wallet, using "fake cameras and media" to make the meeting with visiting Binance executives appear legitimate.In May 2024, reports emerged that Binance CEO Richard Teng accused members of the Nigerian House of Representatives Financial Crimes Committee (HCFC) of soliciting a $150 million bribe. At that time, Nigeria's Minister of Information Mohammed Idris denied the allegations, stating that it was a strategy by the company to "hurry to cover up the serious criminal charges it faces."However, Gambaryan insisted that this attempt was indeed conducted with the involvement of Nigeria's Department of State Services (DSS). He also stated, "The Nigerian government has publicly claimed that there is $26 billion in mysterious funds (through Binance) flowing out of Nigeria, which is completely nonsense. This information was provided at their request; it is merely the cumulative trading data of Nigerians on the platform. This money did not flow out of Nigeria—people are just buying and selling cryptocurrency. For example, if you trade $100 a hundred times, that amounts to $10,000 in trading volume, but in reality, you only used $100. Similarly, this is just another example of their lies to cover up a false investigation."Just after Gambaryan shared these explosive details, Nigeria's Minister of Information Idris issued a statement denying them. However, the statement acknowledged the bribery allegations, but Idris pointed out that it was the Nigerian government that initiated the investigation, "even though no one has formally filed a lawsuit." His statement also revealed that the Nigerian government rejected a U.S. proposal to pay $5 million in exchange for Gambaryan's release.

ChainCatcher news, according to The Block, former Binance executive and current managing partner of Nomad Capital, Erick Zhang, announced the launch of the ICO platform BuidlPad, intended for KYC-compliant users in non-restricted areas.It is reported that Eirck was responsible for Binance's token issuance platform Binance Launchpad during his tenure at Binance, and residents from restricted areas such as the United States and China will be excluded from ICO sales conducted through this platform.

According to ChainCatcher, Bloomberg reports that former Binance executive Amrita Srivastava has filed a whistleblower lawsuit in the UK for wrongful termination. During her time in London, Srivastava stated to the labor arbitration tribunal that she was unfairly dismissed after reporting an incident involving colleagues soliciting bribes from clients for preferential treatment.In response, Binance stated that the company was already aware of the matter and had initiated an internal investigation, and that the employee was terminated due to poor job performance, with the dismissal decision made prior to her whistleblowing. The case is currently being heard by the UK labor arbitration tribunal.

ChainCatcher news, citing Bloomberg via Tree News, reports that the Nigerian government has dropped charges against Binance executive Tigran Gambaryan.

ChainCatcher news, according to Decrypt, local prison officials in Nigeria stated on Thursday that Binance executive Tigran Gambaryan, who is being held locally, does not have a "serious health condition" and is "doing well" during his detention.Previously, Gambaryan had fainted in court in May due to health issues, and his health has become one of the focal points in the ongoing legal dispute between Binance and Nigerian authorities. On July 2, despite multiple court orders, the prison holding Binance executive Gambaryan has not released the medical records from his only visit to the hospital a month ago. According to Gambaryan's family, his health is deteriorating.

ChainCatcher news, according to CoinDesk, Nigeria's money laundering trial against Binance and its two executives has been postponed to July 5 after the cross-examination of the first SEC witness. Binance's crime compliance officer Tigran Gambaryan's health has deteriorated during detention, and his family stated that despite multiple court orders, the prison has not provided his medical records from his only hospital visit.Gambaryan has been held in Nigeria's most populous Kuje prison since February, alongside members of the terrorist organization Boko Haram. Another accused executive, Nadeem Anjarwalla, has escaped. Gambaryan's family reported that he has developed double pneumonia and malaria during his detention, with worsening health conditions and symptoms of foot numbness and back pain. U.S. lawmakers recently visited Gambaryan and urged the U.S. to take further action. Binance declined to comment.

ChainCatcher news, according to foxbusiness, U.S. House Financial Services Committee Vice Chairman French Hill is leading the push for the Nigerian government to release detained Binance executive Tigran Gambaryan.It is reported that U.S. citizen and former IRS agent Tigran Gambaryan, who serves as the compliance officer at Binance, traveled to Nigeria in February to meet with government officials on behalf of Binance but has been held in a Nigerian prison for nearly four months on "fabricated" charges of money laundering and tax evasion. Hill stated that he plans to call U.S. State Department Special Presidential Envoy for Hostage Affairs Roger Carstens in the coming days to seek advice on the Gambaryan case.He also plans to consult with Gambaryan's lawyer and family, as well as Congressman Rich McCormick, who represents Gambaryan's home district in Georgia's 6th Congressional District. Hill pointed out, "Tigran Gambaryan is a pawn in Nigeria's political struggle. He needs to be brought back to his home in the United States, and then Binance can continue to communicate with Nigeria."

ChainCatcher news, Nigeria's Minister of Information and National Guidance Mohammed Idris responded on social media regarding the recent poor health condition of Binance executive Tigran Gambaryan, stating that Tigran Gambaryan is currently in lawful detention and has access to quality medical services at any time.In addition, he can enjoy comprehensive consular services provided by the Nigerian government. "Even if he is being tried under the laws of the Federal Republic of Nigeria, the federal government will not do anything that jeopardizes his basic rights to a lawful trial and to receive quality care, including healthcare. It is worth reiterating that his detention is court-ordered, and only the court can change the terms or order his release."

ChainCatcher news, according to Fox Business reporter Eleanor Terrett, U.S. Congressman French Hill, who supports cryptocurrency, visited detained Binance executive Tigran Gambaryan in Nigeria along with colleague Chrissy Houlahan, strongly urging for his release. Gambaryan has been suffering from malaria and pneumonia during his three-month detention.Hill stated that Gambaryan was "wrongfully detained by the Nigerian government" and called on the U.S. Embassy in Nigeria to advocate for Gambaryan's release on humanitarian grounds.

ChainCatcher news, the Nigerian High Court dismissed the lawsuit of Binance regional manager Nadeem Anjarwalla due to lack of due diligence in prosecution. Anjarwalla accused the Nigerian government of violating his fundamental rights when detaining and seizing his passport.Anjarwalla filed the lawsuit on March 28, seeking to declare the actions of these agencies illegal, while his lawyer Tonye Krukrubo requested to withdraw the case at the same time. According to the Nigerian financial publication Nairametrics, Krukrubo made this request so that Anjarwalla could hire other legal representatives. However, Anjarwalla did not appear in court as he had already escaped and fled to Kenya.Meanwhile, Binance's head of financial crime compliance, Tigran Gambaryan, was also detained on similar charges and filed an independent lawsuit against the NSA and EFCC, scheduled to be heard on July 9.

According to ChainCatcher news, as reported by CoinDesk, a family spokesperson stated in an email on Friday that the tax charges against Binance executives Tigran Gambaryan and Nadeem Anjarwalla by the Federal Inland Revenue Service (FIRS) of Nigeria have been dropped.FIRS agreed to modify the charges to only target Binance, through its local representatives. Gambaryan will no longer be required to appear in court regarding the FIRS case.However, Tigran Gambaryan and Nadeem Anjarwalla remain defendants in a money laundering case. The statement indicated that the next hearing for this case is scheduled for June 19, during which an "application for the enforcement of fundamental rights" will be considered. The trial will resume on June 20. Gambaryan remains detained at Kuje prison.

ChainCatcher news, according to Cointelegraph, in a letter dated June 4 addressed to President Biden, Secretary of State Blinken, and Presidential Envoy for Hostage Affairs Roger D. Carstens, 12 U.S. politicians emphasized that Binance employee Gambaryan is still being "wrongfully detained" by the Nigerian government and that immediate action must be taken to prevent the situation from worsening.These U.S. politicians also stated that Gambaryan has not been allowed to meet with his legal team without the presence of Nigerian officials and armed guards.It is reported that before joining Binance, Gambaryan worked for the IRS for ten years.

ChainCatcher news, according to DL News, the wife of Binance executive Tigran Gambaryan, who is imprisoned in Nigeria, and an informed source stated that the Nigerian Correctional Service, responsible for managing the Nigerian prison system, ignored a court order and refused to send Gambaryan, who is suffering from malaria and a severe throat infection, to the hospital for treatment. Instead, he is receiving treatment at the clinic in Kuje prison, which is poorly equipped and in urgent need of renovation.Gambaryan's wife, Yuki Gambaryan, is concerned that her husband's physical and mental health is deteriorating. Yuki said, "Despite the court's clear directive for him to be hospitalized, the authorities are not allowing him to leave the prison that caused his illness, which is very shocking and frustrating to me." Last Thursday, Gambaryan collapsed in court the day after his trial for money laundering in Nigeria's capital, Abuja.

ChainCatcher news, a Nigerian court has postponed the tax evasion case against Binance executives until next month. On Wednesday, authorities failed to bring Binance executive Tigran Gambaryan, who is charged in the case, to court, resulting in the delay. Neither Nigerian authorities nor Binance have provided an explanation for Tigran Gambaryan's absence.Tax authority lawyer Moses Ideho stated that Gambaryan is expected to be taken to court by the Nigerian Prison Service. Judge Emeka Nwite has set June 14 as the date for a possible hearing regarding Binance and Gambaryan.