US Demands Release of Binance Executive From Nigeria

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI


  1. Politicians Take Turn to Request Gambaryan’s Release
  2. Charges Against Binance And Gambaryan
  3. Gambaryan’s Health at Stake

  4. The US is unrelenting in its effort to release Binance executive Tigran Gambaryan from Nigerian jail. He has been detained since February 2024 over regulatory, tax, and compliance issues.

    Politicians Take Turn to Request Gambaryan’s Release

    Secretary of State Antony J. Blinken already raised the issue with his Nigerian counterpart in May. Similarly, US Ambassador to Nigeria Richard M. Mills Jr. has also requested Gambaryan’s release in private conversations with several top officials in the country, including the president, finance minister, attorney general, and trade minister.

    Three months ago, House Foreign Affairs Committee Chairman Michael McCaul (R-TX), Representative Rich McCormick (R-GA), and fourteen other Republican representatives sent a letter to President Joe Biden, Secretary Blinken, and Special Presidential Envoy Roger Carstens urging the administration to designate Gambaryan as “wrongfully detained” under the Robert Levinson Hostage Recovery and Hostage-Taking Accountability Act.

    In the beginning of the year’s second half, McCormick and Representative French Hill (R-AR) wrote to the House Committee on Foreign Affairs, requesting that Gambaryan be considered a hostage, citing his wrongful imprisonment in Nigeria.

    Charges Against Binance And Gambaryan

    The 40-year-old US citizen traveled to Nigeria to meet with local officials to discuss Binance’s business dealings in the country. However, the meeting went sideways after Nigerian authorities accused the exchange of hampering the economy.

    The charges brought against Binance and Gambaryan included money laundering and tax evasion. However, the tax charges against the executive were later withdrawn.

    Gambaryan’s Health at Stake

    It is worth noting that Gambaryan faces some health concerns. There are allegations of inadequate medical care in the prison where he is detained. In one of his court hearings, he struggled to walk with a single crutch and had to ask for help from the guards, although his pleas were ignored.

    Nigerian authorities remain adamant, stating that his case must proceed through the country’s judicial system.

    Talks are ongoing. The government will do all it can within the law, bearing in mind Gambaryan’s humanitarian rights, said Bayo Onanuga, an advisor to Nigeria’s President Bola Tinubu.

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

Ledger Launches Atom: A Dedicated Device for Secure Digital Approvals

Ledger has launched Atom, a device designed to run everyday apps while ensuring secure approvals for sensitive digital activities.

user avatarKenji Takahashi

Uniswap Reports Record Revenue Driven by Robinhood Chain

Uniswap generated approximately $148.1 million in protocol revenue in September, with Robinhood Chain contributing about 53% of the total.

user avatarMaria Fernandez

Gopax Operator Streami Caught in Cybersecurity Investigation

The Financial Services Commission of South Korea has identified Streami, the operator of the cryptocurrency exchange Gopax, as one of the 16 financial firms affected by recent hacking incidents.

user avatarGustavo Mendoza

Regulatory Discussions on Stablecoin Yield and Banking Reserves

Regulatory discussions on stablecoin yield and banking reserves are ongoing in Washington, focusing on the implications for issuers and the requirement to maintain reserves in bank deposits.

user avatarMiguel Rodriguez

Binance Declares Shutdown of Mining Pool Services.

Binance will discontinue its mining pool and related services on November 10, 2026, requiring miners to redirect their machines.

user avatarRajesh Kumar

Banks Counter Stablecoin Growth with Higher Deposit Rates

A new working paper reveals that banks can slow the growth of stablecoins by increasing deposit rates.

user avatarLuis Flores

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.