has a lot to keep her busy, ranging from the giant crypto exchange’s testy dispute with Nigerian officials to strict monitoring by US authorities as part of a landmark plea deal.
“We believe that Binance has overcome some really significant challenges in the last six months and we’ve shown ourselves to be a very resilient business despite everything that’s happened,” she said in an interview. Teng said this month that the appointed monitors — Forensic Risk Alliance and Sullivan & Cromwell — have already begun the task., a former deputy chief of the Justice Department’s Fraud Section, to liaise with the monitors, according to Hughes.
The colleague, Nadeem Anjarwalla, escaped but Gambaryan remains in prison in Abuja even though some charges have been dropped. US lawmakers have accused Nigeria of holding him hostage, a claim the government there rejects. But the company has yet to formally designate a global headquarters or release a fully audited set of accounts.“It’s obviously very difficult for crypto businesses as a whole to engage with third-party auditors, because a lot of them have taken the decision that they won’t engage with any digital-asset or crypto firms,” Hughes said.Binance’s headcount currently stands at upwards of 5,000 staff, a spokesperson said.
Recently in India, for instance, the exchange registered with the Financial Intelligence Unit as a step toward resuming operations there.
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