Binance Leadership Comments on Tigran Gambaryan’s Release

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Tigran Gambaryan, Vice President for Global Intelligence and Investigations at Binance, has left Nigeria after being detained for eight months. The news was confirmed by his family in an interview with CoinDesk.

CEO’s Statement

Binance CEO Richard Teng expressed relief over Gambaryan’s release.

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“We feel immense relief and gratitude that Tigran has finally been freed. His health and well-being remain our priority, and we’re pleased that he can now receive the medical attention he needs and recover with his family,” Teng stated.

He also emphasized Binance’s commitment to working with global regulators to ensure transparency and compliance.

“Nigeria, with its young and tech-savvy population, has the potential to leverage blockchain technology to address socio-economic challenges. We aim to actively contribute to these initiatives,” he added.

Background of the Case

Nigerian authorities dropped all charges against Gambaryan, allowing him to leave the country for medical treatment. However, the court has yet to deliver a final verdict, as the case itself was not fully examined.

Meanwhile, Binance Holdings Limited remains the primary defendant in allegations of money laundering and currency operations amounting to $34.4 million. The company also faces accusations of tax evasion.

Gambaryan was detained in February alongside Nadim Anjarwalla, who oversaw Binance’s operations in West and East Africa. Anjarwalla later fled to Kenya.

Health Concerns During Detention

Following the charges, Gambaryan was held at a correctional facility in Abuja, where his health deteriorated due to harsh conditions. He was diagnosed with a herniated spinal disc, pneumonia, malaria, and tonsillitis. Despite his condition, the court denied bail twice.