Quantcast

Crypto Council for Innovation CEO: Binance employee 'remains wrongfully detained by the Nigerian government'

Bitcoin Tumbles Back Under $58K as Crypto Quickly Crumbles Thursday Afternoon
Bchain Africa CEO on detention of Binance employee: 'Are we running a military system in Nigeria under the guise of democracy?'
Why crypto investors are ‘asleep at the wheel’ amid improving macro conditions
MetaMask Starts Rollout of Blockchain-Based Debit Card Developed With Mastercard, Baanx
Coinbase to Launch Wrapped Bitcoin (WBTC) Competitor – What’s at Stake in Such a Token?
Binance's Sacheendran: 'blockchain technology will revolutionize various industries beyond finance'
Bitcoin at 9 million in 20 years according to the power law
Binance recovers more than $73M in user funds from external hacks
Did you miss this week's news? Here is a recap of the information you shouldn't have missed about Bitcoin, Binance, Ethereum, and Ripple!
Collapsed crypto exchange FTX ordered to pay $12.7bn to creditors, CFTC says
Bitcoin Difficulty Reduction Incoming? Miners Brace for a Major Shift on Aug. 14 – Mining Bitcoin News
Gambaryan Family Says Binance Executive Is Being Denied Access to Lawyers, Health Is Deteriorating
SEC subpoenas three crypto VCs in sign crackdown is gaining pace
Ripple begins testing its stablecoin RLUSD on XRP Ledger and Ethereum
The IMF and El Salvador Close to an Agreement on Bitcoin!
Judge Fines Ripple $125M, Bans Future Securities Law Violations in Long-Running SEC Case
Solana Hits All-Time High Against Ether, Outperforms Bitcoin in Crypto Rebound
Strike et Bitstamp s’associent pour faciliter l’achat de cryptomonnaies pour les utilisateurs européens
SEC urges court to reject Coinbase’s subpoena request for documents
Bitcoin Tumbles to $53K, Ether Turns Negative for 2024 as Panic Grips Markets
Xapo Bank to offer interest-bearing bitcoin accounts in UK after 'passporting' its license
Crypto: Why Tether's CEO Prefers Bitcoin Over Ethereum
Binance announces Binance Labs investment in aPriori
Whatsapp Warns It May Leave Nigeria Over Order to Pay a $220 Million Fine – News Bytes Bitcoin News
Terra case: Do Kwon will be extradited to South Korea for trial
3 Cryptocurrencies You Absolutely Need to Buy According to This Investor
ByBit leaves France – Why, and how does the competition benefit?
The EU Takes the Reins of AI with Historic Legislation!
Binance Charity, Children of Heroes host camp for Ukranian children
Wage increase: it should exceed inflation in 2025 in France
Crypto Council for Innovation CEO: Binance employee 'remains wrongfully detained by the Nigerian government'
Webp ccfitigran
Crypto Council for Innovation CEO Sheila Warren (left) and Binance's Tigran Gambaryan (right) | LinkedIn/sheilawarren, LinkedIn/tigran-gambaryan

Sheila Warren, CEO of the Crypto Council for Innovation, has raised concerns regarding the treatment of Tigran Gambaryan, head of financial crime compliance for Binance and a former U.S. federal investigator, who is currently imprisoned in Nigeria. Warren expressed her concerns in a statement released on October 1.

"Tigran Gambaryan remains wrongfully detained by the Nigerian government," said Warren. "He is also being denied access to urgent medical attention. My heart goes out to Tigran and his family, who are all suffering through this horrifying ordeal."

According to CoinDesk, Nigerian officials had invited Gambaryan to participate in compliance discussions in February. However, he was detained during his visit, and his health has reportedly deteriorated significantly while in prison. He is said to be suffering from malaria and an untreated herniated disc that has impaired his mobility. Congressman Rich McCormick said that he believes Gambaryan is being held "hostage" as a means to "punish" Binance. McCormick further suggested that the U.S. government should leverage its influence over Nigeria to secure Gambaryan's release.

Get the Newsletter
Sign-up to receive weekly round up of news from Crypto Republique
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

Gambaryan's detention comes amid allegations by the Nigerian government linking cryptocurrency activities to the devaluation of the naira. Economist Steve Hanke from The Johns Hopkins University refuted these claims in comments to Federal Newswire, stating that "the Nigerian government's claim that the collapse of the naira has been caused by crypto speculation is misguided and incorrect." Hanke attributed the naira's decline to a significant increase in money supply growth and rising inflation rates.

Before joining Binance in 2021, Gambaryan served as a special agent for the U.S. Internal Revenue Service (IRS) for ten years. During his tenure at the IRS, he investigated various cases involving national security and financial crimes, including high-profile cyber investigations such as those related to Silk Road and Mt. Gox.

Warren assumed her role as CEO of the Crypto Council for Innovation in February 2022. She also co-hosts the Money Reimagined podcast and serves on the board of the Bermuda Monetary Authority. The Crypto Council for Innovation describes itself as a "global alliance" focused on fostering public-private partnerships and advocating for inclusive regulation within Web3 advancements.

More News

Brad Garlinghouse, CEO of Ripple, said that the company enables global financial institutions to enhance cross-border payments and efficiency through digital technology.

Jul 9, 2025

Changpeng Zhao, founder of Binance, said that a move for Fannie Mae and Freddie Mac to count bitcoin as a mortgage asset signals a shift in the American Dream.

Jul 7, 2025

Binance has announced the launch of PIXEL APR Boost Airdrop Rewards for the 11th project on BNSOL Super Stake, in collaboration with Pixels (PIXEL), a web3 game on the Ronin Network.

Jul 7, 2025

Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), said that public companies increased their bitcoin holdings more rapidly than exchange-traded funds (ETFs) in the second quarter.

Jul 5, 2025

CoinFlip, a global digital currency platform, has announced the launch of a new user interface for its CoinFlip Preferred service.

Jun 30, 2025

Gum Shoe, a crypto influencer, has highlighted the long wait times and high fees at Coinbase compared to better service at Binance as evidence of the need for increased competition among U.S. crypto exchanges.

Jun 23, 2025