In a significant move, 18 state attorneys general, led by New York Attorney General Leticia James, have urged President Joe Biden to classify Tigran Gambaryan, Binance’s compliance officer, as a hostage of the Nigerian government.
Gambaryan, a U.S. citizen and former IRS Special Agent, has been held in Nigeria since February 2024.
The attorneys general expressed deep concerns about Gambaryan’s well-being, stating he is being detained unlawfully and is in potentially life-threatening conditions. They argue that designating him as a hostage under the Robert Levinson Hostage Recovery and Hostage-Taking Accountability Act would provide necessary resources to facilitate his release and increase diplomatic pressure on Nigeria.
The letter highlights that Gambaryan’s health is deteriorating, as he has been denied treatment for malaria and pneumonia and suffers from an untreated herniated disc. They warned that without immediate action, his situation could escalate into a tragedy.
Gambaryan was reportedly arrested without justification after being invited to Nigeria to discuss allegations against Binance. The attorneys general accused Nigerian officials of misusing their power, claiming his detention is a tactic in the government’s dispute with Binance. They assert that Gambaryan’s basic rights have been violated during his time in Kuje Prison, which is notorious for housing extremists.
This letter was sent on the same day that the Nigerian government failed to produce Gambaryan in court, raising further questions about his treatment and conditions of detention.
As global sanctions continue to isolate Russia from traditional financial networks, the country’s top financial bodies — the Central Bank and the Ministry of Finance — are preparing to launch a government-backed cryptocurrency exchange.
Following the April 14 exploit that disrupted operations, KiloEx has revealed a compensation plan for impacted users. The plan covers three core groups: traders, Hybrid Vault stakers, and VIP users.
Ripple Labs quietly emerged as one of the largest financial backers of Donald Trump’s presidential inauguration, contributing nearly $5 million just months before federal regulators began softening their stance toward the company.
Amid rising regulatory pressure and political uncertainty in South Korea’s crypto sector, Bithumb is restructuring its business in a strategic move ahead of a planned IPO.