Binance CEO Expresses Concern over Detained Executive, Calls for Urgent Release

IconCryptoNewsTerminal Staff22 Aug, 2024

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Binance CEO Expresses Concern over Detained Executive, Calls for Urgent Release

Binance CEO Addresses Unjust Detention of Executive in Nigeria Binance CEO Richard Teng has expressed his deep concern over the ongoing detention of Binance executive Tigran Gambaryan in Nigeria, emphasizing that securing his safe return is their paramount priority. In an interview with CoinDesk, Teng stated, "Tigran has been unjustly detained for nearly half a year now, and we strongly believe there is no legitimate case against him." Teng expressed his hope for cooperation with the Nigerian government to facilitate Gambaryan's release, reiterating Binance's commitment to resolving the situation swiftly. Gambaryan was apprehended in February 2023 and has been on trial in Nigeria since then. Binance has consistently maintained that the charges against him are baseless and has urged the Nigerian authorities to release him. The ongoing detention of Gambaryan has drawn attention to the complexities of operating in certain jurisdictions and the need for international collaboration in addressing cases involving cryptocurrency executives. Binance remains steadfast in its efforts to ensure the safety and well-being of its employees and is actively working towards a positive resolution in this case.