Prison authorities in Nigeria have announced that Binance CEO Tigran Gambaryan is in custody “Very sick” Preventing him from appearing in court again to stand trial.
This is the main concern raised by his wife nearly two months ago, saying Gambarian’s health condition had deteriorated sharply since his arrest in April.
Binance Exec beta reset to October 25th
Trial of the besieged CEO of Binance Gambarian was moved back to a later date after he failed to appear in court due to his medical condition.
His trial date was supposed to be set for October 18. The Binance CEO is a US citizen and was unable to attend because he was ill. Judge Emeka Nwoiti adjourned the proceedings to allow Gambaryan to undergo medical treatment.
Newight decided to resume his trial on October 25, giving him plenty of time to seek medical care.
Nigerian court postpones trial of detained Binance CEO, Gambarian, who prison authorities declared to be “very ill” pic.twitter.com/uemQTOncdx
– AnekeTv October 18, 2024
The federal judge also directed the Nigerian correctional facility to bring Gambarian To a regular hospital to receive treatment for up to two weeks, but under security supervision while undergoing medical treatment.
Gambarian has been detained by Nigerian authorities since February. He faces a money laundering case worth $35 million.
7/7 Binance Exec trial postponed in Nigeria after he fails to appear in court – “He is very ill”https://t.co/LiwQNPMBtB
United Arab Emirates – DL News
Over the past few months in Nigeria, Tigran Gambaryan has battled the effects of malaria, endured back pain, and navigated… pic.twitter.com/Iq7hhdSoHT– Helping hostages around the world (@HostageAid) October 18, 2024
Binance Exec’s health deteriorates
In August, Gambarian’s wife, Yuki, brought to the court’s attention that her husband’s health condition had deteriorated sharply since his arrest in April.
She said that her husband’s health deteriorated significantly during his detention, adding that his health condition was poor The condition worsens It can lead to irreparable damage, affecting the spouse’s ability to move.
As of today, the market cap of cryptocurrencies stood at $2.28 trillion. Chart: TradingView.com
Gambarian’s wife submitted a request to the court to temporarily release her husband so that his condition would not worsen.
The bail application was rejected
Earlier, Gambarian sought permission from the Nigerian Federal Court to allow him to post bail so that he could undergo surgery outside prison. However, the Federal Court rejected the bail request for the second time.
The Federal Court ruled that there was no evidence that the Nigerian Correctional Service could not deal with Gambarian’s medical condition.
Gambarian’s wife expressed her disbelief at this decision, saying that it was unfair to deprive her husband of the necessary medical care.
A Binance spokesperson also expressed dissatisfaction with the court’s decision, saying that Nigerian authorities have been illegally detaining Gambarayan for more than 220 days.
Through social media, Binance officials called for Gambarian’s immediate release due to his deteriorating medical condition.
Binance CEO Richard Teng even accused Nigerian authorities of requiring the cryptocurrency exchange to comply with a “secret” deal to resolve existing legal charges against them — an accusation that Nigerian officials have refuted, claiming it is merely a diversionary tactic used by Binance.
Featured image from Harvard Gazette, chart from TradingView