Binance CEO Condemns Nigerian Government's Detention of Employee Amid Crypto Turmoil.

13 May 2024

Amid Nigeria's cryptocurrency chaos, a spotlight shines on Binance, one of the largest crypto platforms, as its CEO, Richard Teng, raises the alarm over Nigerian authorities' detention of one of its own. Tigran Gambaryan, a mid-level employee, finds himself in the government's grip, much to Teng's concern.

Teng paints a picture of Gambaryan as a dedicated professional with years of service in law enforcement fighting financial crimes. At Binance, Gambaryan played a key role in ensuring compliance with rules to prevent shady financial activities.

However, a routine meeting with Nigerian officials turned into a nightmare for Gambaryan and his colleague, Nadeem Anjarwalla, as they were suddenly detained and their freedom snatched away within a secure compound.

Teng doesn't mince words, criticizing the Nigerian government's actions strongly. He suspects ulterior motives behind Gambaryan's detention, seeing it as an unfair tactic to pressure Binance.

Despite the setback, Teng stresses Binance's willingness to collaborate with authorities for the greater good, promising to weed out bad actors from its platform.

Yet Teng insists on a swift resolution, underscoring the urgency of allowing Gambaryan to return home. Until then, Gambaryan remains in limbo, awaiting his fate in a foreign land.


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