🔔 News Flash! Binance CEO Richard Teng is calling for the release of Tigran Gambaryan, the head of the crypto exchange's Financial Crime Compliance team, who's been held by Nigerian authorities for over 70 days. 😮

- Gambaryan was in Nigeria for policy talks, not negotiations, says Teng. His arrest sets a worrying precedent for global companies.

- Binance's African regional manager, Nadeem Anjarwalla, was also detained but has since been released. Gambaryan, however, remains in custody.

- Teng insists Binance will continue to cooperate with Nigerian law enforcement and resolve any potential tax issues with the Federal Inland Revenue Service (FIRS).

Binance had reached out to Nigeria's SEC multiple times in 2022, seeking guidance and offering collaboration. Despite their proactive approach, the SEC issued a cease and desist order against "Binance Nigeria Limited," an entity unrelated to Binance.

The exchange's employees, including Gambaryan, traveled to Nigeria for a rescheduled public hearing in January. They were detained during the hearing, accused of contributing to Nigeria's economic issues and terrorism financing.

Teng suggests that the Nigerian government's actions indicate an attempt to control Binance through Gambaryan's detention.

What do you think about this situation? Share your thoughts below! 👇 #Binance #CryptoNews