Binance CEO Tigran Gambaryan was denied bail, despite his deteriorating health

A Nigerian court rejected the bail application of Tigran Gambaryan, director of Binance. Gambarian is accused of money laundering and currency manipulation.

The refusal came despite serious concerns about his health, which his lawyers say requires urgent medical care.

Refer Gambarian to hospital

From Bloomberga report It appears that although the court denied bail, the court ordered the prison authorities to refer Gambarian to the hospital for further treatment. His legal team insists he is in a worrying condition and needs urgent surgery. US lawmakers criticized his arrest, describing it as unfair.

According to his lawyer, Mark Murdy, Gambarian has been waiting for the necessary surgery since July. He suffers from various diseases such as malaria, pneumonia, tonsillitis, and hernia complications, which sometimes makes him dependent on a wheelchair.

The bail decision was previously postponed

Earlier in September, the court postponed its decision on bail, but the application was rejected outright.

Gambarian, a US citizen and head of financial crimes compliance at Binance, was arrested in February along with his colleague Nadeem Angarwala, a British-Kenyan citizen. The arrest took place at Abuja airport after Nigerian authorities summoned Binance representatives to the capital. Following their arrest, all naira and peer-to-peer services on Binance in Nigeria were shut down.

In March, Angarwala managed to flee the country on a hidden Kenyan passport. Nigerian security forces later tracked his location and arrested him in Kenya at the request of the Nigerian Interpol office.

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Megan Vasquez

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