• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

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

user avatar

by Giorgi Kostiuk

a year ago


  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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Ethereum Price Stability Amid Heavy Selling

chest

Ethereum price remained around $3,200 despite significant selling from Binance and BlackRock, indicating strong buyer interest.

user avatarNguyen Van Long

Coinbase and BVNK End $2 Billion Stablecoin Acquisition Talks

chest

Coinbase and BVNK mutually end discussions over a $2 billion acquisition during due diligence.

user avatarSatoshi Nakamura

SoFi Technologies Becomes First Nationally Chartered Bank to Launch Crypto Trading

chest

SoFi Technologies becomes the first nationally chartered bank to launch crypto trading services, offering options for Bitcoin, Ether, and other tokens.

user avatarJesper Sørensen

XRP's Valuation Rises Amid Exchange-Traded Fund Speculation

chest

XRP's valuation has increased by 66% due to speculation around exchange-traded funds and legal uncertainties.

user avatarLucas Weissmann

Crypto Index ETFs Are Reshaping Investment Landscapes

chest

Crypto index ETFs are gaining traction worldwide, indicating a shift towards institutional acceptance and offering mainstream financial integration for cryptocurrencies.

user avatarEmily Carter

Ethereum Faces Declining Valuations Despite Protocol Enhancements

chest

Ethereum's value has dropped significantly despite recent improvements, highlighting challenges in expansion and participant trust.

user avatarFilippo Romano

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.