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US Lawmakers Accuse Nigeria of Taking Binance Executive Hostage

US lawmakers accused Nigeria of taking a Binance executive "hostage" and urged President Joe Biden to help secure his release. From a report: Sixteen Republican congressman including Chairman of the House Foreign Affairs Committee Michael McCaul wrote to Biden to have the case of Tigran Gambaryan re...

US lawmakers accused Nigeria of taking a Binance executive "hostage" and urged President Joe Biden to help secure his release. "The charges against Mr. Gambaryan are baseless and constitute a coercion tactic by the Nigerian government to extort his employer, Binance," the lawmakers wrote in the June 4 letter, a copy of which has been seen by Bloomberg. The faceoff between Africa's most-populous nation and the world's largest cryptocurrency exchange burst into view in February, when Nigerian authorities detained Gambaryan and a colleague -- who subsequently escaped -- during a visit to discuss the company's compliance issues with the country.

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