Binance Executive’s Case Brought Forward By A Month In Nigeria

Nigerian
authorities
have
rescheduled
the
trial
of


Binance
high-ranking
executive

Tigran
Gambaryan
to
Sept.
2,
which
is
a
month
earlier
than
the
initial
schedule. 

The
Nigerian
court
made
the
decision
after
Gambaryan’s
defense
team
requested
to
expedite
the
hearing,
citing
health
issues.

Binance
urges
U.S.
intervention
as
detained
Nigerian
executive’s
health
worsens,
hearing
date
moved
up.

The
more
we
speak
out,
the
more
likely
the
Nigerian
federal
government
will
address
this
issue.

Please
support
the
Tigran
family.

Support

#Freetigran
+
RT

@Binance
family

pic.twitter.com/OuAA0lASQV

—
OMO
????
BNB
(@Crypto_omo)

August
27,
2024

Gambaryan
was
arrested
on
accusations
of
money
laundering
and
financial
crimes
amounting
to
$34
million
after
being
lured
to
Nigeria
for
a
business
meeting
in
February
2024.

Gambaryan
was
arrested
together
with
fellow
executive
Nadeem
Anjarwalla,
who
later
managed
to
escape,
leaving
Gambaryan
to
face
the
charges
alone. 

Richard
Teng
Calls
Out
The
Nigerian
Government

Binance
CEO
Richard
Teng

criticized
the
Nigerian
government

for
what
he
termed
‘unconstitutional’
treatment
of
Gambaryan.
He
further
called
for
Gambaryan’s
release
on
humanitarian
grounds
as
the
executive’s
health
was
rapidly
waning.

Kuje
prison,
located
near
the
Nigerian
capital
of
Abuja,
houses
nearly
1,000
inmates
including
64
suspected
to
be
involved
in
the
Boko
Haram
extremist
group.

Tigran
Gambaryan,
former
US
federal
agent
and
crypto
crime
investigator,
has
been
detained
by
the
Nigerian
government
for
6
months
in
inhumane
conditions
that
are
causing
his
health
to
fail.
Free
Tigran!

pic.twitter.com/0fmfvewYDH

—
Jameson
Lopp
(@lopp)

August
26,
2024

Despite
his
deteriorating
health,
the


Nigerian
government

has
denied
Gambaryan
the
medical
care
he
needs.
According
to
his
family,
Gambaryan
suffers
from
a
herniated
disk,
which
renders
him
virtually
immobile.
Yet,
he
is
not
allowed
to
use
a
wheelchair,
further
exacerbating
his
suffering. 

Broader
Crackdown
On
Crypto
In
Nigeria

Gambaryan’s
woes
reflect
Nigeria’s
broader
stance
on
cryptocurrencies.
The
Nigerian
government
accused
Binance
of
contributing
to
the
decline
of
the
Naira
through
its
peer-to-peer
services.

Despite
Nigeria
being
among
the
largest
oil
producers
in
Africa,
the
economy
has
stagnated
and
the
Naira
dropped
sharply.
According
to
Bloomberg,
the
main
reason
the
Nigerian
fiat
currency
is
falling
could
be
the
endemic
corruption
in
the
nation’s
government. 

The
accusations
of
Binance
disrupting
the
country’s
economy
has
put
the
crypto
exchange
under
intense
scrutiny
as
well.

The
hearing,
which
has
been
scheduled
for
Oct.
11,
is
a
much
anticipated
event
in
the
crypto
space
as
it
could
have
significant
implications
for
Binance,
the
largest
crypto
exchange
in
the
world. 

Gambaryan’s
family
and
supporters
remain
hopeful
that
the
early
trial
will
result
in
a
quick
resolution,
allowing
him
to
return
home
to
better
medical
care.

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