Binance CEO Urges Tigran Gambaryan's Release Amid Nigeria Crisis

Highlights

Binance CEO calls for Tigran Gambaryan's release, condemning his unjust detention in Nigeria.
Richard Teng defends Gambaryan's innocence, highlighting his role in Binance's compliance efforts.
Despite efforts from Binance, Gambaryan's detainment persists, says Richard Teng.

The CEO of Binance, Richard Teng, has issued a heartfelt plea today for the release of Tigran Gambaryan, a Binance executive detained in Nigeria for over 70 days. In a recent blog post, Teng expressed grave concerns over Gambaryan’s unjust detention and called upon the Nigerian government to take swift action.

Here’s an overview of the unfolding crisis and Binance’s efforts to secure Gambaryan’s freedom.

Binance CEO’s Call For Justice

Richard Teng, CEO of Binance, has taken a bold stance in the ongoing saga surrounding the detention of Tigran Gambaryan, a dedicated member of the Binance team. In a poignant blog post, Teng emphasizes Gambaryan’s innocence and underscores the need for his immediate release.

Notably, Gambaryan, a former U.S. federal agent with a sterling track record in combating financial crimes, has been unjustly held captive by Nigerian authorities for over 70 days. Meanwhile, Richard Teng passionately defends Gambaryan’s character and contributions to Binance, highlighting his pivotal role in shaping the company’s compliance framework and spearheading efforts to combat financial misconduct.

According to the Binance CEO, Gambaryan finds himself ensnared in a web of baseless allegations and bureaucratic entanglements in Nigeria, despite his exemplary record and unwavering commitment to integrity. Besides, the CEO’s appeal extends beyond Gambaryan’s plight, resonating as a clarion call for justice and fairness in international relations.

Meanwhile, Teng laments the alarming precedent set by Gambaryan’s detention, warning of its chilling effect on global business operations. In addition, he implores the Nigerian government to heed reason and compassion by promptly releasing Gambaryan and restoring his fundamental rights.

Notably, Teng’s impassioned plea underscores Binance’s unwavering commitment to its employees and the principles of justice and transparency. As the crypto community rallies behind Gambaryan, Richard Teng remains resolute in his resolve to secure his colleague’s freedom and uphold the values that define the crypto exchange’s mission.

Also Read: Ethereum Remains The ‘Basket Case’ This Bull Cycle, Will ETH Price Dip Further?

A Closer Look Into The Crisis

Despite concerted efforts by Binance and its leadership to engage constructively with Nigerian authorities, Gambaryan’s detention persists, casting a shadow of uncertainty over the company’s operations in the region. Richard Teng’s transparency in shedding light on the circumstances surrounding Gambaryan’s arrest underscores Binance’s commitment to accountability and ethical conduct.

The CEO’s decision to suspend certain operations in Nigeria as a gesture of goodwill reflects Binance’s proactive approach to addressing regulatory concerns and fostering dialogue with local stakeholders. However, Teng emphasizes that Gambaryan’s release remains paramount to achieving a resolution and restoring normalcy to Binance’s operations in Nigeria.

Meanwhile, Binance CEO Richard Teng expressed concern over a “secret” payment demand following undisclosed allegations in Nigeria. In his blog, he stated:

Counsel reported back that he had been presented with a demand for a significant payment in cryptocurrency to be paid in secret within 48 hours to make these issues go away.

In addition, the Binance CEO disclosed the Nigerian government’s push to detain an innocent employee and former U.S. federal agent reflects its attempt to control Binance operations. Amid distress for Tigran Gambaryan and the Binance community, the CEO halted P2P products and naira pairs trading on the platform. Despite the hope for his colleagues’ release and further dialogue with the government, no progress ensued.

Recommended
Price Analysis

Best Crypto Presales To Invest In September 2025 – Top Upcoming Presale Tokens

Best Crypto AI Trading Bots In 2025

Top Meme Coins To Buy In September 2025

Rupam Roy

Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam's expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news. Rupam's career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.