Tigran Gambaryan is an employee of Binance, who along with others traveled to Nigeria for scheduled meetings with various Nigerian authorities, including ONSA, the Central Bank, and the SEC. Initially assured of their safety, the meetings began neutrally but took a turn when EFCC members demanded Binance delist the Naira, provide detailed user information, and comply financially.
The situation escalated as Tigran, an ex-fed, was moved to a high-security compound, effectively detaining them without control over their communications. Binance's legal team intervened, offering to delist the Naira in exchange for their employees' release, but faced aggressive accusations and no official response from ONSA.
The international community, including the U.S. and UK embassies, were alerted. Despite Binance's compliance with the demands, the situation deteriorated.
Today, Tigran Gambaryan remains in custody in Nigeria and is being charged with tax evasion and money laundering!
So, basically kidnapped by government of Nigeria. Not much different than the Samourai arrests.
Crypto should be used as a way to route around govt. Problem is people always try to make crypto work with old archaic govt and it doesn’t work that way. It’s like trying to fit a round peg in a square hole.
Things are getting worse not better.
Govt everywhere feeling the heat from this new monetary technology.
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First off, they shouldnt have trusted them. Especially when you have to be assured of your safety. Its just better to zoom that meeting in the security of your own home. Too greedy for profit.