Binance, a major cryptocurrency exchange, recently made headlines as it appealed to the Nigerian government for the release of one of its detained executives, Tigran Gambaryan.
Gambaryan has been in custody for over six months, and Binance is urging his release, stating its willingness to settle any alleged issues with the Nigerian authorities.
Richard Teng, Binance’s CEO, highlighted the severe deterioration of Gambaryan’s health due to inadequate medical care during his detention. Teng’s appeal emphasized that Gambaryan’s continued detention is not necessary for resolving the company’s disputes with Nigeria. Binance pointed to their successful resolutions of similar issues in other countries like Brazil and India as examples of how these matters can be addressed through constructive dialogue without resorting to such harsh measures.
Read also: Binance Condemns Nigeria’s Regulatory Actions.
The case has drawn significant attention, especially after Gambaryan appeared in court visibly distressed and on crutches, which sparked outrage and concern from Binance and human rights advocates.
The Nigerian authorities, however, have been firm in their stance, with the Economic and Financial Crimes Commission (EFCC) opposing Gambaryan’s bail application, arguing that he poses a flight risk.
Binance continues to call for a peaceful and fair resolution, urging the Nigerian government to allow Gambaryan to return to the U.S. for urgent medical treatment
