Richard

Joe Biden

Read

Binance exec Tigran Gambaryan is reportedly being denied legal counsel and healthcare while detained on criminal allegations in Nigeria. 
Gambaryan was wheeled into an Abuja court during his last hearing on July 16 after his health deteriorated while in Kuje prison. Federal High Court judge Emeka Nwite <a href="https://crypto.news/nigerian-court-orders-arrest-of-prison-doctor-as-binance-exec-is-wheelchair-bound/">signed</a> an arrest warrant for the facility’s medical doctor. 
However, according to his family, punitive measures have done little to aid the arrested Binance executive.&nbsp;A statement shared with crypto.news on Aug. 12 said Gambaryan was bedridden due to several back issues and other health concerns.&nbsp; 
“I am begging the Nigerian government to please release him so that he can come home and receive the medical treatment he urgently needs before it is too late,” said Yuki Gambaryan, partner of the detained crypto exchange employee. 
By the time of his next hearing on Oct. 11, Gambaryan will have been incarcerated for over six months amid an ongoing legal showdown between Nigerian authorities and Binance, the largest centralized crypto exchange in the world. 
 You might also like: <a href="https://crypto.news/former-u-s-federal-agents-rally-to-free-binance-exec-detained-in-nigeria/"> Former U.S. federal agents rally to free Binance exec detained in Nigeria </a> 
<h2 class="wp-block-heading" id="nigeria-outlaws-crypto-p2p-on-binance-other-exchanges">Nigeria outlaws crypto P2P on Binance, other exchanges</h2> 
Gambaryan and fellow Binance employee Nadeem Anjarwalla entered Nigeria in February. Local authorities swiftly arrested the duo, who had been invited to negotiate a resolution between the CEX and Nigeria. 
While Anjarwalla escaped detainment and fled the country, Gambaryan remained and was indicted on tax evasion and money laundering charges. Gambaryan denied the allegations and counter-sued for human rights violations. Binance CEO Richard Teng <a href="https://x.com/_richardteng/status/1787755558587842740?s=46&amp;t=TMI07H21nqgKjjcESnhqEQ" target="_blank" rel="">petitioned</a> Nigeria for his release, stating that Gambaryan had no decision-making powers. 
Teng also claimed that unidentified officials asked for a substantial amount in hush money, a claim <a href="https://crypto.news/nigeria-denies-phantom-binance-bribe-claims/" target="_blank" rel="noreferrer noopener">refuted</a> by a government spokesperson. 
U.S. politicians <a href="https://crypto.news/u-s-lawmakers-visit-imprisoned-binance-executive-in-nigeria/" target="_blank" rel="noreferrer noopener">called</a> on President Joe Biden to address the situation, as Gambaryan is an American citizen and a former IRS agent. “We fear for his life,” wrote members of Congress in June as the month-long debacle continued. 
The case against Gambaryan is part of a larger crackdown on crypto exchanges in the African nation. Nigeria has seen an exodus of platforms, especially in the peer-to-peer crypto market. Digital asset service providers like Binance, KuCoin, and OKX have shuttered P2P trading in the country and limited facilities in some cases. 
 Read more: <a href="https://crypto.news/crypto-supporter-rep-french-hill-calls-binances-tigran-pawn-in-nigerian-political-fight/"> Crypto supporter Rep. French Hill calls Binance’s Tigran ‘pawn in Nigerian political fight’ </a>

Binance exec denied legal counsel as health declines

Table of Contents

crypto.news

Other articles published on Aug 12, 2024

Sui Foundation's Grant Awardees: May through July Edition

Terra Classic & Terra Price Trigger a Rebound: Will LUNC & LUNA Price Maintain a 25% Upswing This...

Dynachain Named Platinum Sponsor of Malaysia Blockchain Weeks; Event Wraps Up Successfully

Japan’s Central Bank Increases Rates

US SEC Postpones Approval Of Hashdex Dual Bitcoin And Ethereum ETF

Crypto startup funding grows to $2.7B in Q2 despite fall in total deals

Join our free newsletter for daily crypto updates!