Author name: Ashton

Tigran Gambaryan, a detained Binance executive facing money laundering charges, is experiencing a severe decline in health, according to his wife. Gambaryan, who is a U.S. citizen and the head of financial crime compliance at Binance, is being held in a Nigerian prison where he faces allegations of laundering over $35 million. Binance, the world’s largest cryptocurrency exchange, along with Gambaryan and another executive, Nadeem Anjarwalla, who has since fled Nigeria, are charged with these offenses. Binance is also under investigation for tax evasion. Both Binance and Gambaryan deny the allegations. Gambaryan’s wife, Yuki Gambaryan, reported that his condition has deteriorated significantly, with a herniated disc worsening to a point that it may cause permanent damage and affect his mobility. She also stated that he has been denied access to legal representation since July 26. The Nigerian Correctional Service has not responded to inquiries about Gambaryan’s treatment. Binance had previously ceased all transactions and trading in Nigeria’s local currency due to regulatory actions targeting crypto exchanges. Judge Emeka Nwite ordered Gambaryan to be admitted to a hospital for 24 hours for medical assessment and treatment after he appeared in court in a wheelchair last month. The trial has been postponed to October 11.