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Binance executives reiterated that a Nigerian lawmaker had demanded a $150 million bribe in exchange for dropping the lawsuit against Binance

ChainCatcher news, Binance's financial crime compliance officer Tigran Gambaryan recently reiterated that a rogue Nigerian lawmaker demanded a $150 million bribe in exchange for dropping the lawsuit against Binance. The relevant lawmaker wanted the funds to be transferred directly to their cryptocurrency wallet, using "fake cameras and media" to make the meeting with visiting Binance executives appear legitimate.In May 2024, reports emerged that Binance CEO Richard Teng accused members of the Nigerian House of Representatives Financial Crimes Committee (HCFC) of soliciting a $150 million bribe. At that time, Nigeria's Minister of Information Mohammed Idris denied the allegations, stating that it was a strategy by the company to "hurry to cover up the serious criminal charges it faces."However, Gambaryan insisted that this attempt was indeed conducted with the involvement of Nigeria's Department of State Services (DSS). He also stated, "The Nigerian government has publicly claimed that there is $26 billion in mysterious funds (through Binance) flowing out of Nigeria, which is completely nonsense. This information was provided at their request; it is merely the cumulative trading data of Nigerians on the platform. This money did not flow out of Nigeria—people are just buying and selling cryptocurrency. For example, if you trade $100 a hundred times, that amounts to $10,000 in trading volume, but in reality, you only used $100. Similarly, this is just another example of their lies to cover up a false investigation."Just after Gambaryan shared these explosive details, Nigeria's Minister of Information Idris issued a statement denying them. However, the statement acknowledged the bribery allegations, but Idris pointed out that it was the Nigerian government that initiated the investigation, "even though no one has formally filed a lawsuit." His statement also revealed that the Nigerian government rejected a U.S. proposal to pay $5 million in exchange for Gambaryan's release.

Analysis: The DeepSeek R1 model triggers demand for AI infrastructure, and high-speed network equipment vendors will encounter new opportunities

ChainCatcher news, according to Jinshi reports, despite the sell-off in the U.S. stock market triggered by the DeepSeek R1 model causing the Roundhill "Seven Giants" ETF (MAGS) to drop 2.4% over the past five trading days, this technological breakthrough is creating new investment opportunities. Bank of America analyst Chun Him Cheung pointed out that the R1 model will significantly reduce AI computing costs and accelerate the widespread adoption of AI applications, thereby driving rapid growth in demand for high-speed network infrastructure.Zack Kass, former head of market expansion at OpenAI, stated that the DeepSeek R1 model is a significant breakthrough in the industry, with its innovative initiatives recognized by tech giants including Alphabet CEO Sundar Pichai and Meta CEO Mark Zuckerberg. T. Rowe Price technology stock portfolio manager Tony Wang emphasized that network infrastructure has become a major bottleneck for AI deployment, necessitating breakthroughs in technological innovation.In terms of specific investment targets, Stifel analyst Ruben Roy believes that network equipment manufacturers such as Ciena, Coherent, and Celestica will benefit significantly. Among them, Ciena has received new orders from cloud service providers, while Celestica will benefit from the trend of hyperscale companies developing custom chips independently. Morgan Stanley analyst Meta Marshall is optimistic about the growth prospects of Arista Networks, believing that the recent stock price correction provides a good entry opportunity, and has given it an "overweight" rating ahead of its earnings report on February 18.
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