The conflict between Binance and Nigerian authorities has intensified as Tigran Gambaryan, an incarcerated executive, continues to deteriorate. The worsening of his illness following his contraction of malaria in May has sparked concerns, as there are allegations that officials have denied him adequate medical treatment.
An unsettling video has surfaced depicting Gambaryan’s arduous attempt to walk on crutches as a result of spinal complications. Binance CEO Richard Teng expressed disapproval towards Nigerian authorities following the film’s release.
Gambaryan’s exasperation is apparent as he articulates his anguish and fatigue, consistently affirming his innocence. Teng disseminated the video, denouncing the treatment as “inhumane” and insisting on Gambaryan’s prompt liberation in order for him to be able to receive medical attention in his homeland.
The Binance community has united to express their support for Gambaryan, strongly criticizing his mistreatment and suggesting that Nigerian officials might be exploiting him as a means to gain pressure on the exchange.
Gambaryan’s health condition has become increasingly worrisome, since reports suggest that the required medical attention has not been given. US representatives French Hill and Chrissy Houlahan visited Gambaryan in late June and observed that his condition had deteriorated, resulting in the development of double pneumonia and severe weight loss. US officials have demanded the prompt release of Gambaryan.
The trial of Gambaryan, who is accused of money laundering, recommenced on September 2, 2024. His legal representatives have requested bail based on medical reasons.
The defendant’s legal team contends that his deteriorating health, necessitating surgical intervention, warrants his release on bail. Nevertheless, the Economic and Financial Commission of Nigeria (EFCC) objects to the request, asserting that his illness is “manageable” and not as serious as alleged.
