Binance CEO Richard Teng posted on X platform: "We are deeply relieved and grateful that Tigran Gambaryan has finally been released after nearly eight months of detention in Nigeria. During this difficult period, Tigran showed great resilience, and we commend his determination in such severe adversity. We also sincerely thank all those who have made countless efforts for Tigran's release during this time. Tigran's health and well-being have always been our top priority, and we are grateful that he can now receive the urgent medical care and rest he needs with his family."

Binance will continue to work with global regulators to ensure compliance and transparency in the ever-evolving digital asset space. We hope to put this incident behind us and continue to strive for a bright future for the global blockchain industry. Nigeria has a young, tech-savvy population with a strong interest in digital finance, and there is potential to leverage blockchain technology to address economic and social challenges. We look forward to playing a constructive role in this effort."