Binance Exec Detained in Nigeria for Six Months, Company Demands Release Before License

Sep 19, 2024, 05:54 AM

Tigran Gambaryan, a Binance executive and former IRS agent, has been detained in Nigeria for over six months since February on charges of money laundering and tax evasion. His family and Binance are urging the U.S. government to intervene, claiming wrongful detention. Binance CEO Richard Teng stated that a task force is working 'across the clock' to secure Gambaryan's release, citing his deteriorating health. Additionally, Binance has refused to comply with Nigeria's digital asset regulations and obtain a license until Gambaryan is freed. A U.S. lawmaker has also called for his release.