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Binance CEO Calls for Executive’s Release from Nigeria

Sep 20, 2024
  1. Arrest and Charges
  2. Gambaryan’s Health Condition
  3. Binance’s Efforts for Release

During the Token2049 conference in Singapore on September 19, Binance CEO Richard Teng asserted that the exchange is committed to securing its executive Tigran Gambaryan from Nigerian custody.

Arrest and Charges

Earlier this year, Gambaryan was arrested over allegations of $26 billion in illegal inflows to Binance. Since his arrest in February 2024, Gambaryan has been facing severe health issues.

Gambaryan’s Health Condition

The executive suffers from a herniated disc and instances of malaria, pneumonia, and tonsillitis. Reports revealed the Nigerian government’s reluctance to provide adequate medical care, causing concern for his family. The Binance CEO raised his voice against the government’s “unjust” handling of the executive.

Releasing Gambaryan is of ‘top priority’.None

Binance’s Efforts for Release

Teng stated that due to Gambaryan’s deteriorating health, the company is making all possible efforts for his release, including the formation of a task force working on legal and political avenues.

We have a task force internally working across the clock, looking at different avenues from legal to political.Richard Teng

Binance continues to press for the release of Tigran Gambaryan and ensures he receives medical attention, despite the challenges posed by the Nigerian government.

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