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Cryptocurrencies blamed for real-life currency crisis in Nigeria

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Updated March 12, 2024 at 12:25 p.m. ET

Tigran Gambaryan, Binance’s head of financial crime compliance, traveled to the Nigerian capital to address a problem: the government had accused the world the largest cryptocurrency exchange to collapse the currency.

The American, a former special agent with the Internal Revenue Service, left his wife and children at his home in Georgia in late February with a small suitcase for what he thought was a quick business trip.

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