Binance CEO Richard Teng has been vocal about the detention of two Binance executives, Tigran Gambaryan and Nadeem Anjarwalla, in Nigeria, describing it as setting a 'dangerous precedent' for global businesses. This situation unfolded after Gambaryan and Anjarwalla were invited to Nigeria for discussions and subsequently detained. Teng's concerns are compounded by allegations that Nigerian officials sought secret crypto settlements to resolve accusations against Binance, including a $150M crypto bribe request. These developments occur amidst Binance's ongoing engagement with Nigerian authorities over potential historical tax liabilities. Additionally, Changpeng Zhao, Binance's founder, has been sentenced to four months in jail for anti-money laundering violations, a sentence mitigated by his cooperation with prosecutors.