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Market News

Biden to Secure Release of Detained Binance Execs in Nigeria

Written By Iyiola Adrian
Published March 17, 2024 5:15 PM·Updated 2 years ago
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Biden to Secure Release of Detained Binance Execs in Nigeria

The U.S. government facing increasing pressure to take swift action to secure the release of Tigran Gambaryan, a Binance executive and former U.S. federal agent, and Nadeem Anjarwalla, another Binance executive detained by Nigerian authorities since late February. 

The U.S. Chamber of Digital Commerce is leading the charge, issuing an urgent appeal on March 15th for the White House to address what it calls a “significant injustice” and violation of international law norms. 

https://twitter.com/DigitalChamber/status/1768723789460685014

In a blog post, the Chamber stated the arbitrary detention of Gambaryan, an American citizen, sets a “troubling precedent” that any U.S. entrepreneur abroad could face unlawful actions by foreign governments.

“The unwarranted detention of Tigran Gambaryan is more than a legal issue; it is a matter of national dignity and the protection of American citizens worldwide,” the Chamber wrote.

Gambaryan and Anjarwalla traveled to Nigeria on February 25th at the government’s invitation to discuss its dispute with Binance over alleged illegal operations. However, instead of resolving, the two executives were detained without due process by Nigerian security forces after the meeting.

With Nigeria receiving over $1 billion in U.S. foreign aid annually, the cryptocurrency community and Chamber are calling on the Biden administration to urgently intervene through diplomatic channels to ensure the lawful release of the detained Americans.

Also Read: Sony Bank Goes Full Web3 With NFT Rewards and Green Token

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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