Binance CEO Calls for Release of Arrested Executive in Nigeria

Binance CEO Richard Teng has stated that his team is working “around the clock” to bring Tigran Gambaryan, an executive arrested in Nigeria, back to the United States. Teng cited Gambaryan's deteriorating health as a key reason for his urgent return, saying, "We have repeatedly appealed to the Nigerian government to release Tigran so he can come home and receive the proper treatment he needs.”

“There is no need for our employee to be detained. He is being held unjustly and unfairly,” Teng said during the TOKEN2049 conference in Singapore on September 19th.

“This has been painful for all of us,” he added. “Especially for his family. For Binance, this is our top priority. We have a task force working around the clock internally, exploring different avenues from legal to political [to help Tigran return].”

Teng hopes that the United States can designate Gambaryan's detention as unlawful, accelerating his return. He added that Binance is also trying to appeal to the Nigerian government to release Tigran on humanitarian grounds.

Teng also stated that Gambaryan has contracted malaria and pneumonia twice since his detention in Nigeria. His declining health even led to him collapsing during a court appearance in May.