Tigran Gambaryan, an employee of cryptocurrency exchange Binance, was detained in Nigeria on charges of tax evasion and money laundering, allegedly as a means of extorting Binance. His detention highlights the risks associated with international negotiations and the impact on personnel acting in official capacities. Despite being invited for a dispute settlement, he experienced a severe violation of rights, further complicated by health concerns and lack of proper care. This situation escalates diplomatic tensions and spotlights Binance in the wake of financial crime accusations.
Source: https://www.wired.com/story/tigran-gambaryan-us-congress-resolution-hostage-nigeria/
TPRM report: https://scoringcyber.rankiteo.com/company/binance
"id": "bin000071424",
"linkid": "binance",
"type": "Cyber Attack",
"date": "7/2024",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"{'affected_entities': [{'industry': 'Cryptocurrency Exchange',
'location': 'Global',
'name': 'Binance',
'type': 'Company'}],
'attack_vector': 'Legal/Diplomatic',
'description': 'Tigran Gambaryan, an employee of cryptocurrency exchange '
'Binance, was detained in Nigeria on charges of tax evasion '
'and money laundering, allegedly as a means of extorting '
'Binance. His detention highlights the risks associated with '
'international negotiations and the impact on personnel acting '
'in official capacities. Despite being invited for a dispute '
'settlement, he experienced a severe violation of rights, '
'further complicated by health concerns and lack of proper '
'care. This situation escalates diplomatic tensions and '
'spotlights Binance in the wake of financial crime '
'accusations.',
'impact': {'brand_reputation_impact': ['Diplomatic Tensions',
'Financial Crime Accusations'],
'legal_liabilities': ['Tax Evasion', 'Money Laundering']},
'motivation': 'Financial Gain',
'threat_actor': 'Unknown',
'title': 'Detention of Binance Employee Tigran Gambaryan in Nigeria',
'type': 'Extortion'}