Binance working closely with Nigeria authorities to resolve exec's detention, CEO says

Binance, the world's largest cryptocurrency exchange, is working very closely with Nigerian authorities following the detention of the company's head of financial crime compliance, CEO Richard Teng said. "What I can say is we are working very closely with the Nigerian authorities to try to resolve the matter," Teng said speaking at the Token2049 crypto conference in Dubai.

A Nigerian court adjourned until May 2 a case against Binance and two of its executives, accused of laundering more than $35 million, the country's anti-corruption body said on April 8.

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