Binance CEO Richard Teng has restated the company’s commitment to securing the release of its executive, Tigran Gambaryan, from Nigerian government custody. At the Token2049 conference in Singapore on September 19, Teng highlighted Binance’s efforts to bring Gambaryan back to the United States. Gambaryan, who was arrested earlier this year on allegations related to $26 billion in illegal inflows, has been facing severe health issues while in detention.
In general, after the arrest in February 2024, Gambaryan’s condition worsened considerably. He has been suffering from a herniated disc and malaria, pneumonia, and tonsillitis, to mention but a few. The Nigerian authorities denied medical care to their ex-head, which worsened his condition, according to the reports. In his recent trial that was conducted on September 2, Gambaryan seemed to be in bad shape, and he was even limping on crutches. Nevertheless, he kept on asking the correctional officers for a wheelchair to help him move after they didn’t provide him with any assistance.
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Binance Mobilizes Legal and Political Efforts
The Binance CEO voiced dissatisfaction with the “unjust” treatment of Gambaryan’s case, emphasizing the company’s continuous efforts to release him. According to Teng, a task group has been working around the clock to explore legal and political options. The company has made Gambaryan’s release a top priority, especially given his worsening health condition.
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Gambaryan’s family has also been vocal about the inadequate medical care he has received. His wife, Yuki Gambaryan, questioned the continued lawsuit after Nigeria’s Federal Inland Revenue Service (FIRS) dropped its charges against him. She believes that while the FIRS has agreed to take its case against Binance, the Nigerian Economic and Financial Crimes Commission (EFCC) should do the same.
Conclusion
Binance’s efforts to bring Gambaryan back to the U.S. are gaining momentum, but the future remains uncertain. While Gambaryan remains in detention, he struggles with his severe health issues, making the pressure on the Nigerian government to solve such cases increase. For Binance, the most important thing at this point is to get their executive out of the hands of the authorities.
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Maxwell Mutuma
Maxwell is a crypto-economic analyst and Blockchain enthusiast, passionate about helping people understand the potential of decentralized technology. He writes extensively on topics such as blockchain, cryptocurrency, tokens, and more for top publications such as Coingape, Coin Edition, and The Coin Republic. His goal is to spread knowledge about this revolutionary technology and its implications for economic freedom and social good.