Binance CEO Claims Nigeria Demanded Secret Settlement From Now Detained Binance Executive In January
Now detained Binance executive Tigran Gambaryan and representatives of the crypto exchange were allegedly pressured by a government official to accept a secret agreement to settle Nigeria’s claims against the exchange, Binance CEO Richard Teng revealed in a blog post on Tuesday.
According to Teng, Gambaryan and several Binance employees attended a meeting with members of Nigeria’s House Committee on Financial Crimes (HCFC) to discuss “the nature of the issues at hand” ahead of a pre-investigative hearing involving the crypto exchange.
During the meeting, HCFC officials allegedly warned the Binance employees that they were prepared to issue arrest warrants against them and prevent them from leaving the country.
As Binance employees left this meeting, they were allegedly “approached by unknown persons” who promised to “make these issues go away” should they accept a secret settlement.
My friend and colleague, Tigran Gambaryan, has been unlawfully detained by the Nigerian government for more than 70 days. We're tirelessly working to #BringTigranHome.
For the first time publicly, I'm sharing the full context of this situation here. ⤵️https://t.co/Rg3DEYJZgW
— Richard Teng (@_RichardTeng) May 7, 2024
According to a Tuesday report by The New York Times, this “settlement” was actually a $150 million bribe from “someone in the Nigerian government.”
“Counsel reported back that he had been presented with a demand for a significant payment in cryptocurrency to be paid in secret within 48 hours to make these issues go away and that our decision was expected by the morning,” Teng wrote. “Our team grew increasingly concerned about their safety in Nigeria and immediately departed.”
Gambaryan and fellow Binance executive Nadeem
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