Binance Executive in Nigeria Suspected of Malaria
Family members of Tigran Gabaryan, the Binance executive, have indicated that there are concerns about malaria. Gabaryan, a US citizen, has been held in a Nigerian prison for more than two months on charges of money laundering and tax evasion.
- The family spokesperson mentioned suspicions of malaria but stated that Gabaryan has not received hospital treatment yet.
- The wife of Gabaryan has reached out to the US government for assistance, emphasizing his innocence and pleading for his release.
- Upcoming court hearings for tax evasion and money laundering charges are scheduled for June 14 and 20, respectively.
Nigeria Rejects Bail for Binance Executive
On May 17, Gabaryan’s bail application was denied by a Nigerian court due to concerns about potential escape. Additionally, Nigeria has extended the tax evasion charge to involve Binance. Gabaryan has been incarcerated in Nigeria since February.
- The court’s refusal of bail was based on the flight risk Gabaryan may pose.
- Nigeria also implicated Binance in the tax evasion charges faced by Gabaryan.
- Gabaryan has been housed in Kuje prison, alongside members of the Boko Haram terrorist group.
Richard Teng Advocates for Gabaryan’s Release
Binance CEO Richard Teng has joined the support for Gabaryan, urging the Nigerian government to release him. Despite Teng’s efforts, the Nigerian government appears to be unmoved by his pleas. In March 2024, Nigeria demanded $10 billion in damages from Binance for alleged illegal transactions.
- Richard Teng has actively advocated for Gabaryan’s release from prison in Nigeria.
- The Nigerian government’s actions have not aligned with Teng’s requests for Gabaryan’s release.
- In March 2024, Nigeria issued a compensation claim against Binance for supposed illegal transactions.
Hot Take: Ensuring Justice for Gabaryan
As a cryptocurrency enthusiast, you must stay informed about the developments surrounding the imprisonment of Binance executive Tigran Gabaryan in Nigeria. The situation underscores the complexities that can arise in the crypto industry and the challenges faced by individuals involved in such legal disputes.
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