Binance CEO Richard Teng claimed compliance officer Tigran Gambaryan is innocent and must be released by the Nigerian authorities.
Binance CEO Richard Teng has spoken out on the ongoing detention of colleague Tigran Gambaryan in Nigeria, publicly claiming for the first time the crypto exchange’s compliance officer is “innocent and must be released.”
Gambaryan was formerly a Special Agent for the U.S. IRS and has “devoted his professional life to fighting financial crimes,” Teng said. He was hired by Binance in 2021 to help the exchange build stronger compliance controls, subsequently assisting global law enforcement in freezing and seizing more than $2.2 billion worth of assets, including more than $285 million in cooperation with U.S. agencies like the FBI, DOJ and DEA, according to Teng.
“The message from the Nigerian government is clear: we must detain an innocent, mid-level employee and a former U.S. federal agent, and place him in a dangerous prison in order to control Binance,” Teng stated. Teng said that Binance will continue to do everything to support Gambaryan, requesting that he be allowed to go home to his family, after which the firm would work with Nigeria’s law enforcement to remove “bad actors” from its platform and with Nigeria’s Federal Inland Revenue Service on resolving potential historic tax liabilities.
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