Richard Teng Denies $26B Revenue Claim

This is a Naira news story, published by CoinGape, that relates primarily to Richard Teng news.

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Binance CEO Richard Teng

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Binance CEO Teng

CoinGape

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CEO Richard Teng denies Nigeria's claim that earned $26B in revenue

Summary

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62% Informative

Richard Teng has issued a powerful response to the Nigerian government's allegations regarding the company's operations in the country.

The Nigerian government claims that Binance earned $26 billion in revenue from its activities within the country in 2023 .

Teng refuted these claims, attributing the Naira 's decline to macroeconomic factors, not Binance 's activities.

He also expressed concern over the detention of Tigran Gambaryan , Binance’s Head of Financial Crime Compliance , who has been held in Nigeria since February .

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Informative language

Neutral language

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formal

Language

English

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not offensive

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not hateful