Tigran Gambaryan, Binance’s head of financial compliance, faces an uncertain future as he awaits a bail decision scheduled for October 9.
Since his arrest in February, Gambaryan has been held in Nigeria on serious charges of currency manipulation and money laundering.
Gambaryan’s attorney, Mark Mordi, argues that Gambaryan’s deteriorating health requires urgent medical treatment that the Nigerian prison system cannot provide.
Mordi has highlighted the prison’s lack of specialized care as a critical issue.
In response, state prosecutor Ekele Iheanacho contends that Gambaryan has received adequate medical attention at a prison hospital and a special facility for high-profile inmates in Abuja.
The legal troubles for Gambaryan began during a visit to Nigeria to discuss Binance’s compliance with local regulations.
While his colleague managed to leave Nigeria, Gambaryan was detained. Binance has also accused Nigerian authorities of demanding a secret $150 million payment to resolve the case, a claim Nigeria has denied.
This case has attracted international attention, with U.S. lawmakers urging President Joe Biden to address the situation, claiming Gambaryan’s detention is unjust.
Meanwhile, Binance faces additional scrutiny over separate tax evasion allegations.
Judge Emeka Nwete will announce the decision on Gambaryan’s bail request on October 9. Currently, Gambaryan remains in custody, as both sides present their arguments in court.
