Binance executive detained in Nigeria amid a crypto crackdown has escaped custody

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Binance executive detained in Nigeria amid a crypto crackdown has escaped custody
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Authorities in Nigeria say an executive of global cryptocurrency exchange Binance has escaped custody in the West African nation where a criminal investigation has been launched against the platform accused of being used for money laundering. It was not clear how the Binance executive fled custody.

KADUNA, Nigeria — An executive of cryptocurrency exchange Binance has escaped custody in Nigeria, where a criminal investigation has been launched against the platform accused of being used for money laundering, authorities said Monday.

Anjarwalla, who holds dual British and Kenyan citizenship, had been detained in Nigeria along with another colleague since Feb. 26 when they arrived in the country following a crackdown on the crypto platform. Tigran Gambaryan, the colleague who is an American citizen, remains in captivity. “The personnel responsible for the custody of the suspect have been arrested, and a thorough investigation is ongoing to unravel the circumstances that led to his escape from lawful detention,” Zakari Mijinyawa, spokesman for the office of Nigeria’s National Security Adviser said in a statement.

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