Binance Executive Detained in Nigeria as Government Seeks Leverage in Disputes

• Binance executive Tigran Gambaryan has been detained in Nigeria for a month and is being used as a bargaining chip in the government's disputes with Binance. His conditions have deteriorated.

• Gambaryan helped pioneer crypto tracing efforts while at the IRS but now has no decision-making power at Binance.

• Nigeria is trying to extract a massive fine from Binance, accusing it of illegally moving $26 billion out of the country.

• Gambaryan's wife has reached out to the U.S. government for help, but there has been little response so far.

• At a recent hearing, Gambaryan's case was adjourned with no resolution, showing this situation may continue for some time.