Cointime

Download App
iOS & Android

Biden pressured to intervene in US citizens detention by Nigeria

Validated Media

The administration of United States President Joe Biden is under increasing pressure to promptly aid the release of Tigran Gambaryan, a Binance executive and former U.S. federal agent, and another Binance executive, Nadeem Anjarwalla, who the Nigerian government have detained without passports since Feb. 26, 2024.

The U.S. Chamber of Digital Commerce made its appeal through a blog post on its website on March 15 and is leading the demand for urgent diplomatic action to address what it perceives as a significant injustice.

According to the post, the detention of Gambaryan in such questionable circumstances establishes a troubling precedent, suggesting that any American entrepreneur abroad, especially those in the cryptocurrency industry, could face similar unlawful actions by foreign authorities. The blog post stated:

“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 of Digital Commerce believes that Gambaryan’s detention is arbitrary, without due process, and presents a significant challenge to international law norms and diplomatic relations. 

  Source: United States Chamber of Commerce on X

Nigeria, a beneficiary of over $1 billion of U.S. foreign aid each year, is an ally of the United States. Initial reports about the apprehensions of Gambaryan and Anjarwalla emerged in late February, with the Financial Times covering the detentions without explicitly naming executives.

According to their families, Gambaryan and Anjarwalla — a dual citizen of the United Kingdom and Kenya — arrived in Abuja on Feb. 25. They came to Nigeria in response to an invitation from the government to discuss the ongoing dispute with Binance regarding its allegedly illegal activities there.

The executives purportedly met with Nigerian officials the following day to address the government’s directive for the country’s telecom providers to restrict access to Binance and other cryptocurrency exchanges. Officials attributed the devaluation of Nigeria’s official currency, the naira, and the facilitation of “illicit flows” of funds to crypto exchanges.

However, rather than reaching a consensus, Gambaryan and Anjarwalla were escorted to their hotels shortly after meeting with Nigerian officials. They were instructed to gather their belongings and transported to a “guesthouse” managed by Nigeria’s National Security Agency, according to their families.

The arrests of Gambaryan and Anjarwalla came a few days before Binance officially announced its exit from Nigeria on March 5.

Comments

All Comments

Recommended for you

  • Grayscale transferred more than 1,000 BTC to Coinbase Prime address again last night

    According to Arkham data monitoring, the grayscale address transferred about 411 BTC to Coinbase Prime last night, and about 14 hours ago transferred 1003 BTC to Coinbase Prime address again, worth about $64.18 million.

  • Justin Sun has deposited 166 million USDT to Binance in the past 7 hours

    According to on-chain analyst @ai_9684xtpa, in the past 7 hours, Sun Yuchen has accumulated a total of 166 million USDT deposited into Binance.

  • An address transferred 8150 ETH to Galaxy Digital OTC address 8 hours ago

    According to on-chain analyst @ai_9684xtpa monitoring, 8 hours ago, address 0x4E8...fA555 transferred 8,150 ETH (valued at $25.64 million) to Galaxy Digital OTC address, suspected of commissioning sales.

  • Suspected Amber Group address withdraws 3 million SAFE from Gate.io

    Spot On Chain monitoring shows that wallet 0x011 (possibly Amber Group) withdrew 3 million SAFE tokens (worth $6.72 million) from Gate.io for the first time at a price of $2.25, six hours ago. It is worth noting that the price of SAFE has fallen by about 36% since April 23, 2024.

  • Franklin Ethereum ETF EZET listed on DTCC website

    COINOTAG has stated on the X platform that the Franklin Ethereum ETF EZET has been listed on the DTCC website.

  • Grayscale GBTC Bitcoin holdings fell below 300,000 BTC

    Official data from Grayscale shows that as of April 26th local time, GBTC's Bitcoin holdings have fallen below the 300,000 BTC mark to 298,445.4699 BTC, a decrease of approximately 2,167 BTC from the previous day. Additionally, GBTC's assets under management (non-GAAP) have decreased to $19,052,609,573.56, and its circulating shares have decreased to 335,190,100.

  • Hong Kong Investment Commission: Virtual asset spot ETFs can be bought and sold through banks

    Hong Kong investors and the Financial Education Committee have stated that the investment scope of spot virtual asset ETFs is limited to virtual assets (currently limited to Bitcoin and Ethereum) provided to the Hong Kong public for buying and selling on virtual asset trading platforms holding China Securities Regulatory Commission licenses. Trading counterparties must buy and sell virtual assets through licensed virtual asset trading platforms to reduce counterparty risks. Asset custody must be entrusted to designated institutions regulated in Hong Kong, such as licensed virtual asset trading platforms, banks, or their subsidiaries registered in Hong Kong, to reduce custody risks. Investors can buy and sell virtual asset spot ETFs through securities firms or banks. Some virtual asset spot ETFs also provide non-listed fund unit categories, which operate similarly to non-listed funds. Investors can apply for and redeem units through securities firms or banks.

  • Lido: SSV Simple DVT testnet has ended, selected participants will join the mainnet Simple DVT module

    Lido announced the end of the SSV Simple DVT testnet on the X platform and will soon launch the mainnet. In the next few weeks, selected participants will use SSV technology to join the Lido Simple DVT module on the mainnet.

  • Justin Sun redeemed 85.53 million USDT from JustLend 4 hours ago and immediately transferred it to Binance

    As monitored by on-chain analyst Yu Jin, 4 hours ago, Sun Yuchen's Tron address (TXN...752) redeemed 85.53 million USDT from JustLend and immediately transferred it to Binance.

  • ETH falls below $3,100

    According to market data, ETH has fallen below $3,100 and is now trading at $3,099.54, with a daily decline of 1.04%. The market is volatile, so please be prepared for risk control.