Binance CEO Richard Teng Fights to Release Executive Detained in Nigeria

Gambaryan's health has been deteriorating while in custody, and Teng emphasized that Binance has repeatedly asked the Nigerian government to release him for necessary medical care.

"There's no need to hold our staff," Teng said on the sidelines at the Token2049 conference in Singapore on September 19.

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Gambaryan traveled to Nigeria in late February this year at the invitation of the Nigerian government to discuss Binance's compliance practices in the country. However, after two meetings, he was detained and has since been held at Kuje Prison, a facility known for its harsh conditions.

Since then, the executive has suffered from severe health issues, including pneumonia, malaria, and aches. In May, he even collapsed during a court session, and more recently, a video surfaced showing Gambaryan struggling to walk yet being denied a wheelchair.

Aron Akbiyikian, Tigran Gambaryan's friend and co-worker, said to KMPH Fox 26:

He hasn't been given a fair trial. He hasn't been personally accused of anything. At no point in time has he ever been accused of doing anything, only for the fact that the company he works for is being accused of crimes, so they're charging him for it.

Binance's internal team has reportedly been working on various approaches to secure Gambaryan's release, including urging the US government to officially classify Gambaryan as unlawfully detained and appealing to the Nigerian government on humanitarian grounds.

On September 18, his mother, Knarik Gambaryan, made an emotional plea, urging US officials to intervene:

He's innocent, that's all. But I can ask, and I'm begging everybody who can help my son. Just please bring my son home. That's all we need.

With each passing day, the urgency grows as Gambaryan's health continues to worsen. For Binance and Gambaryan's family, the focus remains on bringing him back home safely.

Gode S. , Web3 Market Analyst

Gode is a Web3 Market Analyst who researches the most important industry events and interprets how they affect the wider Web3 space. Her formal education in media culture & digital rhetoric allows her to employ a methodical approach to evaluating critical Web3 news data, including large-scale events and the wider social sentiment within the ecosystem.
Gode is a mutilingual professional, having studied in multiple universities all across Europe. This allows her to have a one-of-a-kind opportunity to analyze Web3 social sentiments spanning different cultures and languages and, in turn, develop a much deeper understanding of how the Web3 space is growing within different communities. With the rest of her team, Gode works to identify crucial crypto news patterns and provide unbiased and data-driven information.
Gode’s passions include working and communicating with people, and when she’s not researching Web3 news, she spends her time traveling and watching true crime documentaries.

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