The CEO of Binance Holdings Limited, Richard Teng, has expressed relief following the release of Tigran Gambaryan, a Binance staff member, from detention in Nigeria. Gambaryan, who had been held for nearly eight months, was released from the Kuje Correctional Centre after the Federal High Court in Abuja ordered his freedom. The decision came after the Economic and Financial Crimes Commission (EFCC) withdrew charges against him, citing deteriorating health and diplomatic intervention.
Gambaryan, a U.S. citizen, left Nigeria immediately after his release to reunite with his family. Richard Teng, in a statement on X (formerly Twitter), praised Gambaryan’s resilience and thanked all those who worked towards his release. He emphasized that Gambaryan’s health and well-being remain a priority, and expressed gratitude that he can now receive the medical care he needs.
Teng also reaffirmed Binance’s commitment to working with global regulators to ensure compliance and transparency within the digital asset industry. He emphasized Nigeria’s potential to harness blockchain technology, citing the country’s young, tech-savvy population and growing interest in digital finance.
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