Bail for detained Binance exec opposed in Nigeria

As a crypto investor with a deep interest in the industry and its people, I find myself deeply troubled by the ongoing saga of Tigran Gambaryan, the Binance executive who has been unjustly imprisoned in Nigeria for over six months. Having followed this case closely, I can’t help but feel a sense of frustration and helplessness, especially after witnessing the distress he endured during his recent court appearance.


A Nigerian high court heard arguments for and against the release of an imprisoned Binance employee days after CEO Richard Teng encouraged U.S. intervention.

The trial of Binance executive Tigran Gambaryan resumed in Abuja on Sept. 2 as Nigerian prosecutors contested his bail request and downplayed his health conditions.

At the hearing, people speaking to crypto.news said Gambaryan looked visibly uncomfortable and extremely upset. Earlier permitted to use a wheelchair, Binance’s staff member was allegedly refused the mobility aid during this instance, compelling him to walk with crutches instead.

As an analyst, I’m reporting that I, on behalf of Gambaryan, have submitted a bail motion to the judge, pleading for his release to receive necessary medical attention. His legal team and his wife, Yuki Gambaryan, have highlighted the unfavorable conditions in Kuje prison where he has been detained for several months, emphasizing the dire need for improved living circumstances.

In response to the allegations, Nigerian prosecutors countered by accusing Gambaryan of refusing medical care. The court has been postponed until September 2nd, during which time the bail hearing is scheduled to carry on.

Binance CEO beckons U.S. influence in Nigerian case

As a crypto investor, I find myself in a situation where I’m closely following the developments regarding Gambaryan, a former IRS agent who was once part of the Binance team. He’s been detained by Nigerian authorities for more than half a year now, having entered the country back in February. The allegations against him and another Binance staffer, Nadeem Anjarwalla, involve charges of money laundering and tax evasion. I’m keeping a keen eye on how this unfolds to understand potential implications for the crypto community.

Anjarwalla escaped detention, leading to stricter measures imposed on Gambaryan, who now battles bouts of Pneumonia, Malaria, and Tonsillitis while needing surgery. 

Richard Teng, CEO of Binance, has urged U.S. officials to establish diplomatic ties with the Nigerian government in order to secure the release of Gambaryan. Teng emphasized that Gambaryan does not hold any decision-making authority at Binance and should not bear the blame or accusations directed towards the company.

As an analyst, I would rephrase the sentence as follows: In my capacity as an advocate for cryptocurrency, I, Representative French Hill, have urged the White House to intervene in the case of jailed executive Gambaryan. Following a visit to him alongside fellow legislator Chrissy Houlahan in June, I characterized his situation as a political dispute originating from Nigeria and advocated for his release, viewing it as a just cause.

Simultaneously, Gambaryan’s wife has voiced concerns about the lasting effects of his incarceration. As reported to crypto.news on Sept. 2, Gambaryan’s health is poor, with mobility issues, and he has been denied legal representation. However, Nigerian prosecutors claim that his condition is not serious.

As an analyst, I share the same concern regarding the recent statements from Nigerian authorities dismissing Tigran’s health concerns. It has been troubling to learn that his medical records have been withheld for months, and even the limited records released today indicate a necessity for surgery. It is unacceptable that they continue to play with my husband’s life in such a manner. This situation is both inhumane and degrading, and I am growing increasingly frustrated. There must be repercussions for this disregard of legal standards and human rights.

Yuki Gambaryan on her husbands state in Kuje Prison

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2024-09-02 19:18