Binance Executive Tigran Gambaryan’s Family Shares Crucial Health Update

As a seasoned crypto investor with a keen interest in the industry’s dynamics and the wellbeing of its key figures, I find myself deeply troubled by the plight of Binance executive Tigran Gambaryan. Having been in the game long enough to have weathered multiple market crashes and regulatory storms, I never thought I’d encounter a situation as harrowing as this.


A representative from Binance has expressed worry over the health situation of Tigran Gambaryan, who’s still being kept in custody in Nigeria. Gambaryan, a previous U.S. federal officer and current Binance employee, was apprehended by Nigerian authorities on February 26, 2024, and has been incarcerated at Kuje Prison since then.

Binance Executive’s Family Shares Health Update

Based on an exclusive communication received by CoinGape, it appears that Binance executive Tigran Gambaryan’s health condition has deteriorated significantly during his six-month detention. Currently, he is confined to bed and unable to walk due to an unattended herniated disc.

The family claims he’s not receiving adequate medical attention or a wheelchair, causing him intense suffering. His state has deteriorated so much that he’s now on blood thinners to avoid blood clots, and the prison doctors have observed muscle wasting because of his inability to move.

Gambaryan has faced repeated health troubles such as malaria and pneumonia, making an already delicate situation even more challenging. His family is greatly worried about the insufficient medical care he’s receiving and are urgently appealing for his immediate release to prevent any permanent harm.

Legal and Consular Access Severely Restricted

As an analyst, I’m observing that the tightened legal and consular restrictions on Binance executive Tigran Gambaryan have worsened the situation. During the period from July 26th to August 14th, his lawyers were denied access to him, which has hindered their ability to properly prepare for his upcoming trial. This restriction has made it challenging for them to build a strong defense and ensure a fair hearing.

Despite being granted a short visit on August 15th, subsequent attempts for access have been refused, which is problematic as it contradicts the principles outlined in the Nigerian Constitution and has sparked worries regarding the justice of the legal proceedings.

Beyond that, it’s important to note that due to physical inaccessibility, Gambaryan is unable to get to the visitor area without using a wheelchair, thereby preventing him from receiving necessary legal representation and consular assistance. This issue has added complexity to his case as his trial date draws near.

Family’s Plea for Release

Tigran Gambaryan’s wife, Yuki, has spoken out publicly asking for his release, explaining that the detention has had a severe emotional and physical impact on their family. She pointed out that important family events, such as their son’s 5th birthday and their 15th wedding anniversary, have been missed due to his incarceration, and that his health is worsening during this time.

In simpler terms, Yuki’s heartfelt video call highlights the immediate requirement for medical care to avoid irreversible harm, as he worries that his imprisonment conditions might lead to long-term problems. His relatives persistently ask the Nigerian administration and global community for help in securing his freedom.

As a researcher, I’m reporting on the current situation involving Tigran Gambaryan, an executive at Binance. Despite tax evasion charges against him being dropped by the Federal Inland Revenue Service (FIRS) in Nigeria, he remains in detention due to allegations of money laundering. His next court hearing is set for September 2, 2024, where his legal team intends to seek his release. The timing of this hearing coincides with the ongoing growth of cryptocurrency regulations in Nigeria.

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2024-08-26 20:18