Binance CEO Richard Teng says the Nigerian government has set a dangerous precedent after inviting company executives to meetings before detaining them.
New details have emerged suggesting Nigerian officials tried to coerce Binance representatives into a secret settlement paid in cryptocurrency during meetings in early 2024.
Binance CEO Richard Teng issued a detailed account of Tigran Gambaryan’s ongoing detention on May7. Gambaryan is a former United States Internal Revenue Service agent who headed up Binance’s financial crime compliance team.
Teng condemned the Nigerian government for its actions, claiming the country has “set a dangerous new precedent for all companies worldwide” after detaining two of its employees.
