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Once celebrated for combating financial crime in crypto, Binance Executive Tigran Gambaryan now fights for his freedom in Kuje prison, one of Nigeria’s notorious prisons. A former IRS agent, he pioneered crypto investigations within the industry.
His journey from justice seeker to incarcerated individual is both tragic and perplexing. For the last seven months, he has languished behind bars. He is awaiting bail on charges similar to crimes he fought.
From Crypto Pioneer to Prisoner
Tigran Gambaryan’s legacy in financial crime enforcement is nothing short of remarkable. As a former IRS agent, he was pivotal in leading notable investigations into crypto-related fraud, making him a respected figure globally.
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His expertise eventually landed him a top position: Chief Financial Crime Officer at Binance, one of the world’s largest crypto exchanges. There, he led efforts to ensure compliance and combat illicit activity.
However, in a dramatic twist of fate, Gambaryan’s journey took a turn when he got arrested in Nigeria. Authorities arrested him in connection with a money laundering case involving his employer.
Nigeria’s Economic and Financial Crimes Commission (EFCC) charged him and Binance with tax evasion and money laundering. The tax charges were later dropped. However, Gambaryan still remains in Kuje prison, which has drawn significant international attention and concerns.
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Binance Exec’s Health in Decline Amid Bail Denial
The story took a further dark turn as Gambaryan’s health began to deteriorate. Over the past few months, Gambaryan has suffered from a series of medical complications. This includes malaria, pneumonia, and severe back issues.
Reportedly, his condition has required surgery since mid-July. His lawyers have argued that the inadequate medical care in prison has worsened his situation. Notably, all of Binance’s efforts to get Gambaryan released have proven futile.
Despite this, Nigeria’s Justice Emeka Nwite has repeatedly denied Gambaryan bail, most recently during a hearing on Friday, October 11. The judge acknowledged his poor health but ruled it was not a sufficient reason for bail. Instead, the court ordered a temporary hospital stay, leaving Gambaryan to continue his struggle behind bars.
Family Pleads for Justice
The strain on Gambaryan’s family has been immense. His wife, Yuki Gambaryan, has voiced her heartbreak over her husband’s treatment. Reportedly, she has called the denial of bail and the inadequate medical attention completely unjust.
She fears the long-term damage to his health if he remains imprisoned without the necessary care. Sadly, Yuki’s tireless advocacy underscores the emotional toll the situation has taken on the family as they face a protracted battle for Tigran’s release.
