Binance CEO Urges Release of Detained Employee Tigran Gambaryan From the Hands of The Nigerian Government

Richard Teng’s Full Statement on Unlawful Detainment and Ongoing Efforts to Secure Gambaryan’s Freedom

In a passionate plea for justice, Binance CEO Richard Teng has called for the immediate release of Tigran Gambaryan, an employee unlawfully detained by the Nigerian government for over 70 days. Teng’s statement, released on the official Binance blog, sheds light on the circumstances surrounding Gambaryan’s detention and emphasizes the urgent need for his freedom.

Teng begins by describing Gambaryan as a highly valued global financial crime fighter with a distinguished career spanning over a decade, including service as a federal agent with the U.S. IRS. Gambaryan joined Binance to continue his mission of combating financial crimes and upholding market integrity within the cryptocurrency industry.

Highlighting Gambaryan’s contributions, Teng explains that Gambaryan’s role at Binance involved developing robust compliance controls and collaborating with law enforcement agencies worldwide. Under his leadership, Binance’s Financial Crime Compliance team assisted in freezing and seizing over $2.2 billion worth of assets, showcasing Gambaryan’s dedication to combatting illicit activities.

Binance CEO Richard Teng

The CEO then delves into the events leading up to Gambaryan’s detention, providing a detailed timeline of Binance’s interactions with Nigerian authorities regarding digital asset regulations and compliance. Teng emphasizes Binance’s proactive approach in seeking guidance and cooperating with regulators, only to face unwarranted accusations and demands during Gambaryan’s visit to Nigeria for official meetings.

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According to Teng’s account, Gambaryan and his colleague Nadeem Anjarwalla were subjected to coercive tactics and arbitrary detention after Nigerian authorities made unreasonable demands, including delisting the naira from the Binance platform and providing sensitive user information. Despite Binance’s cooperation and efforts to address concerns, Gambaryan and Anjarwalla were detained without proper legal basis, causing distress to them and their families.

Teng’s statement underscores the broader implications of Gambaryan’s detention, citing concerns about the misuse of power and the negative impact on global business interactions. He emphasizes the need for transparency, fairness, and adherence to legal norms in resolving disputes and safeguarding employees’ rights.

Expressing gratitude for global support and solidarity, Teng urges the Nigerian government to release Gambaryan and allow Binance to continue its collaborative efforts in fostering a secure and compliant crypto ecosystem. He concludes with a plea for swift resolution and a hopeful outlook for constructive engagement between Binance and Nigerian authorities to build a mutually beneficial future.

Richard Teng’s statement reflects Binance’s unwavering commitment to integrity, accountability, and justice, calling on stakeholders to uphold fundamental principles and ensure a fair resolution for all parties involved.

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