- Binance CEO urges Nigeria to release Tigran Gambaryan due to deteriorating health conditions.
- Gambaryan faces severe health issues in custody despite charges being withdrawn by FIRS.
- Binance task force works to secure Gambaryan’s safe return, exploring legal and political channels.
Richard Teng, CEO of Binance, is demanding the immediate release of Tigran Gambaryan, a Binance executive held in Nigeria since February 2024. Gambaryan’s arrest stems from allegations surrounding the exchange’s involvement in illegal inflows worth $26 billion.
Teng voiced these concerns during the Token2049 conference in Singapore on September 19, stating that the company is working relentlessly to bring their executive back to the U.S. while addressing growing concerns over his deteriorating health.
Since his arrest earlier this year, Gambaryan has reportedly faced serious health challenges, including a herniated disc and illnesses such as malaria, pneumonia, and tonsillitis.
The Binance executive’s health issues were highlighted during his trial on September 2, where he appeared visibly weakened, limping into the courtroom with the aid of crutches. Despite his visible distress, requests for more adequate support, such as a wheelchair, were denied by the authorities.
Reports suggest that his health has been neglected while in custody, with the Nigerian government showing reluctance to provide proper medical treatment. Gambaryan’s family has expressed growing concerns, noting the absence of necessary medical attention despite his significant health issues.
Teng described Gambaryan’s treatment as “inhumane” and urged the Nigerian government to expedite his release to allow for better medical care.
He emphasized that Binance‘s priority is securing Gambaryan’s return to the U.S., pointing out that a dedicated internal task force is actively resolving the situation. This task force explores various legal and political channels to ensure the executive’s safe release.
During his statements, Teng also raised concerns about the Nigerian government’s handling of the case, particularly given that charges from the Federal Inland Revenue Service (FIRS) had already been withdrawn.
Gambaryan’s wife, Yuki Gambaryan, has publicly questioned why the Economic and Financial Crimes Commission (EFCC) continues the lawsuit despite the withdrawal of charges against her husband.
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