Binance Executive Seeks Bail Amid Deteriorating Health Issues in Nigeria

By: Isha Das

Detained Binance executive Tigran Gambaryan, who is facing money laundering charges in Nigeria, has made a renewed bail request on medical grounds. According to a family statement shared with trusted sources, Gambaryan's condition has deteriorated significantly during his imprisonment, leading his legal team to file for bail again during his court appearance on September 2.

His legal team emphasized that Gambaryan's health problems have reached a point where they cannot meet with him to prepare adequately for the trial. His deteriorating health includes a herniated disc, recurring pneumonia, malaria, and tonsillitis. Appearing in court on crutches, Gambaryan informed the judge that he had been denied access to a wheelchair and proper medical care in prison. He also claimed that he was being deprived of basic rights, including access to legal counsel and representatives from the embassy.

In response to Gambaryan's pleas, the judge has ordered that he be provided with a wheelchair, with the next court session scheduled for September 4. Nonetheless, Nigerian authorities, specifically the Economic and Financial Crimes Commission (EFCC), have countered many of Gambaryan's claims, arguing that his health issues are not as severe as portrayed. The EFCC pointed out that Gambaryan has been suffering from a herniated disc for over a decade.

Gambaryan's wife, Yuki Gambaryan, expressed deep concern over the Nigerian authorities' stance on her husband's health issues. She highlighted the inhumane conditions and the withholding of medical records, noting that partial records released finally acknowledging the need for surgery. Yuki Gambaryan stated, "The prison has withheld his medical records for months, and even the partial records they finally released today say that Tigran needs surgery. They cannot keep playing games with my husband's life. This entire situation is inhumane and degrading, and I am fed up. There must be consequences for this disregard of law and human rights."

WazirX Customer Expections

In a related development, legal advisers from the Indian cryptocurrency exchange WazirX have commented that it is highly unlikely for its customers to be made whole in crypto terms through the ongoing restructuring process. The legal team's insights add another layer of complexity to the already turbulent environment in the crypto industry.