Binance CEO Calls for the Release of Detained Crypto Executive
In a recent Binance blog post, CEO Richard Teng is urging Nigerian authorities to release Tigran Gambaryan, a top executive at the crypto exchange, who has been detained for over 70 days. Gambaryan was arrested in Nigeria in February during regulatory discussions.
Binanceโs Commitment
- Teng promises that once Gambaryan is released, Binance will collaborate with Nigerian authorities to address any alleged tax obligations.
- The CEO emphasizes Binanceโs dedication to protecting innocent users and ensuring that bad actors are not tolerated on the platform.
Resolution Efforts
- Despite Binanceโs willingness to cooperate, Teng expresses confusion over the reluctance of Nigerian officials to find a solution.
- Binance seeks to work alongside the Nigerian government to contribute to the nationโs economic growth but emphasizes the need for a swift resolution to the current crisis.
Legal Charges and Allegations
- In March, Nigeriaโs EFCC brought charges against Binance, Gambaryan, and another colleague, including operating without a license and tax evasion.
- The charges also involved allegations of concealing the origin of illegal funds amounting to $35.4 million.
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โBinance CEO Richard Teng is demanding the release of a top executive imprisoned in Nigeria for alleged money laundering crimes.โ
Hot Take: Assessing the Impact of Binanceโs Advocacy
As the crypto community awaits updates on the situation involving Binanceโs plea for the release of their detained executive in Nigeria, the outcome of this advocacy effort could have far-reaching implications for both the company and the broader industry.
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