Biden Urged to Act as Lawmakers Fear for the Life of Detained Binance Exec in Nigeria

Binance and Gambaryan are facing money laundering and tax evasion charges in the country.

AccessTimeIconJun 5, 2024 at 7:21 a.m. UTC
Updated Jun 5, 2024 at 5:50 p.m. UTC
  • The lawmakers say Gambaryan is being held hostage and they fear for his life.
  • The Binance exec has been detained in Nigeria for nearly three months and may be suffering from Malaria.

A group of U.S. lawmakers asked President Joe Biden to bring back Tigran Gambaryan, the Binance executive who has been detained in Nigeria for almost three months.

Michael McCaul (R-Texas), the House Foreign Affairs Committee chair, along with 11 other leaders, sent a letter to Joe Biden, Secretary of State Antony Blinken and Presidential Envoy for Hostage Affairs Roger D. Carstens.

In the letter, they urged the president to treat Gambaryan's case as a hostage situation and bring him back to the U.S. Gambaryan is a U.S. citizen and Binance’s head of compliance.

“We fear for his life. Immediate action is essential to ensure his safety and preserve his life. We must act swiftly before it is too late,” they said.

Gambaryan and another company executive, Nadeem Anjarwalla, were detained by Nigerian officials after they were invited by the country to resolve a dispute with the crypto exchange. Anjarwalla managed to escape, but Gambaryan has been in Nigeria for almost three months.

The detained exec’s family has said that he is ill and may have malaria. He had collapsed in a Nigerian court on May 24.

Binance and Gambaryan are facing money laundering and tax evasion charges in Nigeria.

Edited by Sheldon Reback.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Parikshit Mishra

Parikshit Mishra is CoinDesk's Deputy Managing Editor responsible for breaking news coverage. He does not have any crypto holdings.