Binance CEO Changpeng Zhao has penned a detailed response to address the detention of Tigran Gambaryan in Nigeria, clarifying misconceptions surrounding the incident. Zhao emphasizes Binance's commitment to compliance and cooperation with global law enforcement agencies to combat financial crimes. The situation arose after Nigerian authorities demanded the shutdown of Naira transactions and imposed restrictions on Gambaryan, accusing him of regulatory non-compliance. Binance has since suspended its P2P services in Nigeria and is seeking to restore cooperation with the government.