As Tigran Gambaryan’s trial began in Nigeria on September 2, the health of Binance’s financial crime compliance officer continues to deteriorate. Binance has been pushing for the release of its employee for several weeks.
Binance Wants to Repatriate Tigran Gambaryan to the United States at All Costs
Binance CEO Richard Teng said on Thursday that His teams were working “around the clock” to ensure that Tigran Gambaryan, the exchange's financial crime compliance officer, could be released and returned to the United States..
It's been now more than 6 months that Tigran Gambaryan is being held by Nigerian authoritiesThe man considered to be one of Binance's executives was arrested last February, at which time The African country had accused the exchange of having participated in the fall of the nairathe local fiat currency.
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According to Nigerian authorities, Binance allowed its citizens to carry out peer-to-peer trading without being registered, even though local regulations required it. It is for this reason, among others, that Tigran Gambaryan was arrested along with one of his colleagues, Nadeem Anharwalla.. However, the latter managed to escape from the place where he was held captive and is now nowhere to be found.
Tigran Gambaryan was therefore detained alone for almost 6 months while awaiting trial. Binance's Financial Crime Compliance Officer Faces Endless Wait as Health Deteriorates Day by DayThe latter is said to have contracted malaria and pneumonia on two occasions.
As Richard Teng pointed out, “ We have repeatedly called on the Nigerian government to release Tigran Gambaryan […] so he can return home and receive the medical care he needs “. So far, These requests were unsuccessful since the Nigerian authorities insisted that the exchange employee be tried on the spot..
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Tigran Gambaryan's trial began under unusual conditions
At the TOKEN2049 conference in Singapore, Binance CEO returned to this complicated situation, stating: that it was not necessary to retain our staff ” For the leader of the crypto platform, Tigran Gambaryan is ” unjustly detained by Nigeria » :
It is a difficult situation for all of us, especially his family. For us at Binance, this is a top priority.. We have an internal task force that works 24 hours a day, examining different avenues, from legal to political. […] Tigran Gambaryan cannot walk properly and is not receiving proper medical treatment.
👉 Also in the news – Nigeria: Authorities set to crack down on illegal cryptocurrency transactions
Richard Teng also hopes to get support from the US governmentBy designating Tigran Gambaryan as illegally detained, the Binance CEO hopes it will put pressure on the Nigerian government to release his collaborator.
Despite this, in Nigeria, the trial of Tigran Gambaryan began on September 2. A video was posted on X where Binance’s compliance officer can be seen getting upset in front of Nigerian law enforcement before the start of one of his hearings and struggling to move around with his crutch.. The CEO of Binance had also reacted to this video on the social network.
This inhumane treatment of Tigran must end. He must be allowed to go home for medical treatment and to be with his family. https://t.co/HsQNoyE0cS
— Richard Teng (@_RichardTeng) September 3, 2024
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Source: Cointelegraph
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Surprised by the rise of crypto-assets in the late 2010s, I started to closely follow this sector that fascinates me to the highest degree. When I am not in football stadiums, rugby or handball halls, I work on writing relevant articles about cryptocurrencies and more broadly, Web3.
Zacharie Tazrout
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