Binance Appeals to U.S. Over Tigran Gambaryan's Detention in Nigeria

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Deteriorating Conditions
  2. Calls for Humanitarian Intervention
  3. Detention History


    4. Binance CEO Richard Teng has called on U.S. authorities and the international community to intervene as Tigran Gambaryan, a former U.S. federal agent and Binance executive, has been detained in Nigeria for six months under deteriorating conditions.

    Deteriorating Conditions

    In a statement published by Binance’s CEO Richard Teng on the company's website on August 27, Gambaryan is reported to be suffering from “severe pain” and is unable to walk due to a “herniated disc.” Despite his condition, Nigerian authorities have denied him adequate medical care, including basic needs such as access to a wheelchair.

    “Despite his condition, Nigerian authorities have denied him adequate medical care, including basic needs such as access to a wheelchair.”Richard Teng

    Calls for Humanitarian Intervention

    Despite court orders to release Tigran Gambaryan’s medical records and demands for humane treatment, Nigerian authorities have not complied, according to the CEO. Teng urged the U.S. government to leverage its influence to secure Gambaryan’s release on humanitarian grounds and to protest Nigeria’s detention practices. He called on the U.S. administration to recognize Gambaryan as one of its “unlawfully detained” citizens abroad.

    “There is no need to imprison an innocent employee to answer for any allegations against Binance. We have resolved matters in countries around the world, including the U.S., Thailand, and most recently in Brazil and India, in a reasonable, collaborative, and amicable manner with governments.”Richard Teng

    Detention History

    This is not Teng’s first appeal for intervention. In May 2024, he appealed to the Nigerian government to release Gambaryan, who is the head of Binance’s Financial Crime and Compliance unit. At the time, Teng emphasized that the situation required attention from the global business community. Gambaryan and Nadeem Anjarwalla, Binance’s Africa regional manager, were detained by the Nigerian government after being invited to Abuja to discuss the exchange’s compliance with local laws in February 2024. Later, charges of tax evasion were brought against Binance and its executives.

    The appeal by Binance CEO Richard Teng highlights the need for international intervention to secure Tigran Gambaryan’s release, underlining the risks international companies face in unstable legal systems.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Payward to Acquire Saldo Bank for European Banking Expansion

Payward, the parent company of Kraken, plans to acquire Lithuania-based Saldo Bank to enhance its banking capabilities and integrate banking products with crypto services.

user avatarMaria Fernandez

Germany's Sparkassen Group Begins Cryptocurrency Trading Rollout

Germany's Sparkassen savings bank group is starting a phased rollout of cryptocurrency trading within its existing banking app, beginning on October 19, 2023.

user avatarGustavo Mendoza

CME Group to Launch Bitcoin Cash and Uniswap Futures on October 19

CME Group has scheduled the introduction of Bitcoin Cash and Uniswap futures for October 19, providing institutional traders with more cryptocurrency markets.

user avatarRajesh Kumar

Ethereum's Glamsterdam Upgrade Scheduled for Hoodi Test Network

Ethereum's next major upgrade, Glamsterdam, is set to activate on the Hoodi test network on October 26, marking a significant step in testing changes to block production and execution costs.

user avatarMiguel Rodriguez

International Crackdown on West African Scam Networks Results in 28 Arrests

An international effort against West African scam networks has led to 28 arrests and the removal of over 37 million accounts linked to fraudulent activity.

user avatarLuis Flores

Stablecoin Payment Transactions Surge Despite Flat Supply

A new report reveals a significant increase in stablecoin payment transactions, contrasting with stagnant supply levels.

user avatarArif Mukhtar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.