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Binance Executive’s Health Deteriorates in Nigerian Detention, Test Results Disputed

A month and a week ago, Judge Emeka Nwite ordered the Nigerian Correctional Service to transfer Binance executive Tigran Gambaryan to a capable medical facility for treatment. However, Gambaryan’s health remains uncertain. His family reports that he has suffered from double pneumonia and malaria while in prison.

Additionally, a recent report from Nigeria indicates that Tigran Gambaryan’s health is still in serious jeopardy. Furthermore, the first witness from Nigeria’s Securities and Exchange Commission was cross-examined on Monday, leading to a delay in the money laundering trial against Binance and its two executives until July 5.

Gambaryan, head of financial crime compliance at Binance, continues to fight for his life and freedom. Despite repeated court orders, the prison where he is held has not provided medical records from his sole hospital visit a month ago. His family spokesperson stated, “Tigran’s health continues to deteriorate in detention, and he complains of numbness in his foot and back pain. He has suffered from double pneumonia and malaria while in prison.”

Yuki Gambaryan, Tigran’s wife, emphasized that the evidence in court shows he was never a decision-maker at Binance, justifying his release. She urged Nigerian authorities to do the right thing and release her innocent husband.

The trial also involves Nadeem Anjarwalla, another executive facing money laundering charges, who has since escaped.

Will the U.S. government intervene to help Gambaryan? Last month, two U.S. congressmen visited Nigeria and called for humanitarian release due to his deteriorating health.

Interestingly, in May, Binance claimed it was asked to pay a “secret” cryptocurrency amount to resolve its issues in Nigeria, but authorities denied this allegation. The reported amount was $150 million, according to an anonymous source cited by The New York Times.

Before Gambaryan’s detention, Nigeria had been grappling with cryptocurrency-related issues. Authorities banned citizens from accessing crypto channels to curb speculation against the local currency, the naira, resulting in a 68% depreciation against the U.S. dollar since last June.

Sentiment: Negative

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