A Nigerian court is set to deliver its judgment on October 9 regarding the bail application of Tigran Gambaryan, a senior executive at Binance who has been detained for over six months.\u00a0<\/p>\n
As head of financial crime compliance at the world\u2019s largest cryptocurrency exchange<\/a> by trading volume, Gambaryan has faced mounting pressure from US lawmakers who say he is being unfairly detained.<\/p>\n According to a Bloomberg report<\/a>, during a recent court session in Abuja, Gambaryan\u2019s lawyer, Mark Mordi, argued that his client needs urgent medical attention that the Nigerian prison system cannot provide. Gambaryan has reportedly required surgery<\/a> since July 18, raising serious concerns about his health.\u00a0<\/p>\n In contrast, prosecutor Ekele Iheanacho argued that the executive had received adequate medical care in the prison hospital and at a facility in Abuja reserved for top government officials.<\/p>\n Gambaryan has been held since February and was officially imprisoned in April, facing serious charges, including currency manipulation and money laundering brought forth by Nigeria\u2019s Economic and Financial Crimes Commission.\u00a0<\/p>\n Gambaryan\u2019s detention<\/a> was widely publicized when he and another colleague, Nadeem Anjarwalla, were arrested during a visit to Nigeria to discuss compliance issues with local authorities.<\/p>\n The situation escalated in May when Binance alleged that Nigerian authorities demanded a \u201csecret\u201d payment of $150 million in cryptocurrency to resolve the company\u2019s regulatory issues\u2014an allegation that the Nigerian government has vehemently denied.<\/p>\n Further complicating matters, a new video of Gambaryan surfaced recently, showing him in a weakened state and struggling to walk with crutches due to spinal problems.\n<\/p>\nDetention Drama Unfolds In Nigeria<\/h2>\n
Binance Executive\u2019s Deteriorating Condition<\/h2>\n