Binance's Assurance Battle With Nigeria Intensifies : Detained Executive Pleads Not Guilty to Money Laundering Charges

By: Isha Das

In a recent development from Nigeria, one executive of the cryptocurrency giant, Binance, has pleaded not guilty to money laundering charges. The event furthers the challenges faced by Binance in the country, with another executive being detained and another fled the custody.

This incident continues the legal storm Binance is currently dealing with in this region. This marks a significant turn in Binance's battle for resolution, which, currently values at approximately $35 million.

The accused executive, remanded pending trial, continues to vehemently deny any wrongdoing. Further developments in this legal face-off are eagerly watched by the global crypto community.